SHAREHOLDERS AGREEMENT TEMPLATE (2017)
Secure Your Business Partnership Instantly Without Paying $1,000's To A Lawyer
Guy Taylor, Director Tourism Tasmania
"The gold standard in simple, secure, legal documentation."
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I've created this template so every day Australians, without any legal training, can prepare a legally binding Shareholders Agreement and protect their business.
The template is professionally drafted and easy to use. It's based on my real world experience over the past 20 years, advising leading Australian businesses and law firms like these...
You can contact me if you have questions or want professional assistance customising a Shareholders Agreement to suit your company.
CONTACT YOUR HELPFUL LAWYER, MR SHANTI RUBENS
YOUR SHAREHOLDERS AGREEMENT IN BLACK & WHITE
This Legal Zebra Template helps you put your Shareholders Agreement in black & white instantly.
There's no legal mumbo jumbo...
The document is in simple language that all of the shareholders will easily understand.
The Template guides you step-by-step through the process of making a legally binding Shareholders Agreement that you can enforce in Court.
Because the Shareholders Agreement Template helps you write an Agreement yourself, unless your company arrangements are complex you won't need to see a lawyer.
This will save you at least $1,500 in lawyer's fees.
This is a very well thought out and clear shareholders agreement.
Being a solicitor originally, I can appreciate it when documents are clear and user friendly, especially very important, complex documents such as a shareholders agreement.
This document, like all of Legal Zebra’s are great for everyday people and the legally trained alike.
WHAT IS A SHAREHOLDERS AGREEMENT
A Shareholders Agreement is a contract between the members of a company (also known as shareholders) and the company itself.
Many companies with more than one shareholder choose to enter into such an Agreement so they can make special rules for the ongoing management, operation and financing of the company as well as arrangements for adding or removing shareholders.
Every company with more than one shareholder should have a Shareholders Agreement. It helps to clarify expectations and avoid costly disputes.
You can set out the contribution that each shareholder is required to make – services, money, intellectual property (whatever they have promised to deliver) and what happens if they let the company down.
MAKING A SHAREHOLDERS AGREEMENT ONLINE
Can you make your Shareholders Agreement online?
Yes, this Shareholders Agreement template can be used for a start-up or established business that is operating through a company structure and has two or more shareholders.
You can download the Legal Zebra template instantly and put a basic legally binding Shareholders Agreement in place. It generally takes less than 20 minutes to enter your details, after you download the document files. You can complete your Agreement in Word and/or Interactive PDF format.
The Legal Zebra Shareholders Agreement template is up to date and suitable for use in all States and Territories of Australia.
This means you can use the Legal Zebra Template if you are:
- Making a Shareholders Agreement in New South Wales (NSW)
- Making a Shareholders Agreement in Victoria (Vic)
- Making a Shareholders Agreement in Queensland (Qld)
- Making a Shareholders Agreement in South Australia (SA)
- Making a Shareholders Agreement in the Australian Capital Territory (ACT)
- Making a Shareholders Agreement in Western Australian (WA)
- Making a Shareholders Agreement in the Northern Territory (NT) or
- Making a Shareholders Agreement in Tasmania (Tas).
If your arrangements are complicated, or there is a substantial amount of money involved in your transaction or business, you should seek personalised advice from a lawyer and accountant.
Here are some specific examples of when you can use the Shareholders Agreement template. Of course, you can also use it in many other cases.
SHAREHOLDERS AGREEMENT FOR A START-UP TECHNOLOGY COMPANY
We are developing an app and have a few investors. We need to get the deal down on paper and want a Shareholders Agreement to give to our investors. The other founders and I want to make sure we stay in control of the company and everyone is focussed on the business.
SHAREHOLDERS AGREEMENT FOR AN ESTABLISHED BUSINESS
My business has been up and running for a few years and we want to make sure everything is covered legally in case anything happens to any of the shareholders wo work in the business.
SHAREHOLDERS AGREEMENT WITH AN EMPLOYEE SHAREHOLDER
I am giving my best employee a 10% share in the Company and want to get a Shareholders Agreement in place so it’s clear what voting rights everyone has and what happens if he leaves in the next few years. I will want to get the shares back.
SHAREHOLDERS AGREEMENT WITH A SILENT PARTNER
We are raising capital for the business from new investors. They will be silent partners and won’t have control over day to day decision making.
Legal Zebra is an easy to use and friendly service that provides straight forward information for legal documents.
The samples they provide really give you an indication of the quality of information being provided.
The purchase process was simple and quick and is emailed immediately.
I contacted Shanti for some additional help and he was very friendly and helpful.
I would definitely be recommending this service to my friends and family and using this website again in the near future.
SHAREHOLDERS AGREEMENT CHECKLIST
State how many shares each shareholder will receive when the agreement is signed. This can change later without the need to update the Agreement.
CAPTURE SHAREHOLDER DUTIES
Spell out the shareholder duties – what each shareholder will do to make the company a success.
CLARIFY COMPANY BUSINESS
Describe the business the Company is engaged in. You can restrain the shareholders from competing in this business.
State when a shareholder can appoint a director. For example, if they have at least 20% of the shares.
This comprehensive document contains many more provisions to secure your business partnership.
Easy to follow tips and examples to help complete your Shareholders Agreement Template with confidence.
HOW TO WRITE YOUR SHAREHOLDERS AGREEMENT
Complete your Shareholders Agreement in three easy steps.
TYPE YOUR DETAILS IN THE DOCUMENT
After you download the template, simply enter the details.
FOLLOW THE TIPS IN THE RIGHT PANEL
The easy to follow guides in the right panel of the legal template tell you how to fill it in. These do not appear in the print out.
SIGN-OFF AND YOU’RE DONE!
Sign and date the document to create a legally binding Shareholders Agreement. Signing instructions are included in the document.
Works on Windows
Works on Mac
SHAREHOLDERS AGREEMENT FAQs
What's the difference between a Constitution and a Shareholders Agreement?
Every company must have a Constitution (historically referred to as Articles of Association) when it is registered. However, a company does not automatically have a Shareholders Agreement. The shareholders must put one in place. Some companies won't need one, for example if there is only one shareholder there is no need for such an agreement.
Are there any other Agreements that my company requires in addition to a Shareholders Agreement?
ADDING NEW SHARES AND SHAREHOLDERS
Do all the Shareholders need to sign a new Shareholders Agreement if a new shareholder joins the company?
No, if this happens you can ask the new shareholder to sign a Deed of Adherence (also known as a Deed of Accession) agreeing to be bound by the existing Shareholders Agreement. This document is usually only a couple of pages and signed by the company and the new shareholder. There is no need for all of the existing shareholders to sign.
Legal Zebra provides a template Deed of Adherence.
How many shares should we issue on setting up the company?
You can issue as many or as few shares as you like. However, it is generally recommended that you issue a high number of shares (e.g., 10,000) at a low value (e.g. $0.10 cents per share) so you have more flexibility to allocate a particular percentage of shares in the future. For example, if you want to sell someone 1.25% of the shares you could sell them 125 of the 10,000. By contrast, if you only had 10 shares on issue the minimum you could sell (without issue new shares) is 1 of the 10 shares (10%).
Is there a minimum value for shares in a new company?
No, a company can issue shares for any amount (e.g., $10, $1, $0.10).
There used to be a requirement for a company to have a "par value" for its shares. For example, all shares would initially be issued at $1.00 per share. This no longer applies. Shares are now simply a notional way of dividing up a pie and don't need to be ascribed a special value when they are first issued. Of course, the value of the shares may change over time depending on the success of the company.
Can I download the Template instantly after I pay?
Yes, immediately after you pay you will be redirected to a page where you can download the documents you purchased.
Save a document to your computer, enter your changes and save it again. It's that easy.
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Yes, Legal Zebra accepts all of those payments methods.
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POST PURCHASE QUESTIONS
Can I make changes to the document free of charge?
Yes, you can make unlimited changes completely free of charge.
Save your document to your computer, enter your changes and save it again. It's that easy.
Can I contact Legal Zebra for help if I get stuck?
Yes, you can contact Your Helpful Lawyer, Mr Shanti Rubens and he will generally answer basic questions free of charge.
You can engage the services of Shanti Rubens if you want professional assistance customising or amending a template for your specific requirements. All charges and fees will be fully disclosed prior to the engagement.
Are documents created with Legal Zebra enforceable in Court?
Yes, Legal Zebra's templates are professionally drafted and legally enforceable in a Court of law. That is, provided you complete them correctly, in accordance with the instructions. If you make any changes to the documents (such as adding or deleting clauses) you do so at your own risk.
Can I get a refund if I'm not happy with my purchase?
Yes, Legal Zebra offers a 100% money back refund. Email your refund request within 60 days of purchase.
A revelation! The gold standard in simple, secure, legal documentation. So pleased I will never have to go back to exorbitant fees and haughty service.
HELPFUL LAWYER ON HAND
Mr Shanti Rubens, B Com LLB
Australian barrister & solicitor with over 20 years experience
I‘ve made this Shareholders Agreement Template easy to fill-in and understand. It’s designed so you can get your Agreement in black & white without seeing a lawyer.
You can contact me if you have questions or would like professional assistance customising the basic Shareholders Agreement Template to suit your requirements.
LAW FIRMS AND COMPANIES WHO HAVE TRUSTED YOUR HELPFUL LAWYER
Submit your review
The Shareholder's Agreement Template was very easy to use and suited my needs perfectly. Shanti helped me out when I needed clarification, and the Deed of Adherence and Consultancy Agreement documents were great as well.
I spoke to Shanti on the phone. He was really generous with his time and explained a lot of difficult points for me. Now I feel I have a better grasp on our shareholders and directors roles and how the agreement works.
Your business sounds like it has a lot of potential Barbara! Thanks for using the Legal Zebra Template.
The document is clear and easy to follow which helped us get sign off on the shareholders agreement quickly. Thanks.
Pleasure, happy to help with your Shareholders Agreement Peter.
We have tried three different version of share holders agreement and we found an agreement from legal zebra very simple and written in a plain language which is very easy to understand and covers all the scenarios. Not only the agreement is written very well, but Shanti personally explained the meaning of some of the clauses for which we had some doubt. I highly recommend him for his prompt service and offering us a great product at very reasonable price. Keep up the great work.
A perfect solution for start-ups and small business looking for a clear and straightforward legal document to navigate through with counter parties. Shanti made himself available for our few queries making our timeframe from download to signing the documents fast and effective.
Brilliant template – easy and relatively straight forward to complete, yet comprehensive and we feel confident that the interests of all parties are protected. The minor questions I had were quickly resolved over the phone by Shanti. Highly recommended.
Sonia, I'm happy I could help with your Shareholders Agreement.
This template is great but even better, Shanti made himself available to talk with my partner and I about any queries we had. This meant a lot to us being new to doing a shareholder agreement. I highly recommend using Shanti and saving thousands of dollars while still getting excellent information and service.
Couldn't ask for more - does exactly what is advertised. Set up instructions are very clear and easy to follow. Support is excellent.
Thanks Andy. I am glad you found this document helpful.
This is a very well thought out and clear shareholder’s agreement. Being a solicitor originally, I can appreciate it when documents are clear and user friendly, especially moderately complex and very important documents such as a shareholder’s agreement. This document, like all of Legal Zebra’s are great for everyday people and the legally trained alike. Highly recommended.
Our accountant recommended we use a Shareholders Agreement template and after looking at a sample template from another lawyer, we thought this was going to be an incredibly painful experience.But after seeing Shanti’s template, we knew this would be enough for our basic needs and quick to complete so we could get on with running the business. Shanti was happy to give some basic guidance towards completing the form so that we were satisfied with the end document and I couldn’t recommend him more.
60 DAY MONEY BACK GUARANTEE
I am confident you will absolutely love your Shareholders Agreement template.
However, if this Shareholders Agreement Template does not help you secure your business partnership and save you at least $1,000 in legal fees, then simply email me to claim a 100% money back refund at any time within 60 days of the date of your purchase.