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A business podcast for Canadian entrepreneurs who want to build their business on a solid legal foundation.
What you need to know about Shareholder Agreements
The Legalmybiz.ca Podcast
22 minutes
1 year ago
What you need to know about Shareholder Agreements
I’ve been drafting and reviewing shareholder agreements for more than 20 years now, and I recently revisited this topic when teaching a class of female tech founders. This group had a lot of specific questions about shareholder agreements, and I thought listeners of the podcast might as well, which is why I’m bringing you an episode dedicated to this subject. Today, I share what a shareholder agreement is, when you need one, some of the different sections you’ll find in this document, as well as other considerations and what you need to be aware of.
Today you’ll hear about:
Why I sometimes describe a shareholder agreement as a “prenup for shareholders”
When a shareholder agreement is needed and when one isn’t required
What it covers and the main topics that should be addressed in it
Additional considerations around investor requirements
Customizing your shareholders agreement for the province or federal legislation where your corporation was formed
Having all of this in writing and negotiating the terms of the shareholder agreement upfront will go a long way in protecting the interests of all parties involved. I hope this episode gets you thinking about reviewing your current shareholder agreement and making sure the provisions are still relevant, or will get you thinking about getting one in place if needed now, or at any time in the future. —
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