Shareholder Agreement - rules governing a company?

Discussion in 'Growing and Managing a Business' started by Major9000, Oct 9, 2012.

  1. Major9000

    Major9000
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    I'm part of a group of shareholders (5 of us) in a small company. We do not have a Shareholder Agreement. We are trying to resolve this by putting one together but I'm not 100% sure we're going to agree on one.

    So, my question is the following.

    In the event we are unable to come to an agreement and in the absence of a Shareolders Agreement, what are the default rules governing the company?

    Thanks!
     
  2. Fergal

    Fergal
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    Hi Major9000, what state or country will the business be based in?
     
  3. Major9000

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    The Business is based in Alberta, Canada.
     
  4. Fergal

    Fergal
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    I'm in Ireland and unfortunately I'm not familiar with the laws in Canada. However, the legal aspects of shareholder agreements are generally very complex and it if it is something that concerns you, you should seek professional legal advice on the matter.

    You might also find this article helpful - What should be in a business partnership agreement!
     

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