I’m often asked to prepare a shareholders’ agreement. Why? Because there’s a perception that it is one of the things that you ought to do. Not in my view! Ask yourself these questions – 1) Will I ever understand all that legal jargon that makes up a Shareholders’ agreement and builds it to an impressive 5mm thick document? 2) What will I do with it when we have a bust up? Will I take my previous co-shareholder to court? Not if you’ve got any sense. 3) What do I really want? In my entire business life I have never signed…
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