Shareholders Agreement Questionnaire And Checklist

Shareholders Agreement Questionnaire And Checklist

The following link will download a word document questionnaire and checklist that I usually offer to clients to help them consider and decide on the main terms to include in a shareholders agreement:

Shareholders Agreement Questionnaire

The questionnaire is suitable for a UK private company, although I see many very similar provisions implemented in shareholders agreements throughout the world regardless of what the governing law of the contract might be. This post published on my blog a while ago gives some key reasons why companies should have a shareholders agreement. Establishing a sound legal framework at the outset of a business and making sure shareholders are in agreement on all main principles can save on major difficulties, disputes and pitfalls in the future.

A shareholders agreement template (and detailed guidance notes) can also be purchased from our shop.

Some of the points to decide on that the questionnaire details are as follows:

1) Pre-emption rights in respect of transferring existing shares and issuing new shares.

2) Dividend rights and policy.

3) Vesting whereby the company has a re-purchase right for a limited period of time over shares which vest each month in accordance with a table.

4) Good and bad leaver provisions and basis of valuation.

5) A list of major decisions that require the consent of a certain percentage of shareholders in order for such decisions to be made.

6) Call and put options.

7) Drag along and tag along rights.

We offer a free initial 20 minute consultation about your shareholders agreement, while we advise on and produce shareholders agreements to suit your scenario and meet your requirements for a fixed fee, usually £1,000 plus VAT.

Further reading:

Venture Capital and SEIS and EIS Angel Equity Investment Legal Terms

Are both a shareholders agreement and articles of association needed?

About Jonathan Lea

Jonathan is a specialist business law solicitor who has been practising for over 18 years, starting at the top international City firms before then spending some time at a couple of smaller practices. In 2013 he started working on a self-employed basis as a consultant solicitor, while in 2019 The Jonathan Lea Network became a SRA regulated law firm itself after Jonathan got tired of spending all day referring clients and work to other law firms.

The Jonathan Lea Network is now a full service firm of solicitors that employs senior and junior solicitors, trainee solicitors, paralegals and administration staff who all work from a modern open plan office in Haywards Heath. This close-knit retained team is enhanced by a trusted network of specialist consultant solicitors who work remotely and, where relevant, combine seamlessly with the central team.

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