Shareholders Agreements

The rights and obligations of participants in privately owned limited liability companies is usually governed by the company's Memorandum and Articles of Association and by general company law but these often favour those share holders who hold the majority voting rights.

Typically, the Articles of Association will also do little to reflect shareholders expectations on issues such as participation in the running and management of the business and the rights of any person (often a spouse) who may inherit shares in such companies.

They are a crucial document, but also one that you should not have to spend a fortune on getting into place.

At Geoffrey Leaver we have therefore developed a range of shareholders agreements to deal with simple "quasi-partnership" type companies which would typically involve 2 to 5 shareholders who each work full time for the company and participate in its management, through to more complicated agreements between multiple shareholders.

To discuss how we can assist you please email Tim Roberts or telephone us on 01908 692769.