Company Law Solutions offers shareholder agreements starting at $300.00 plus VAT. If your business is still young, it may not be easy to pay a few thousand dollars to develop a shareholder contract. Even simple agreements can cost between $1,000 and $2000, while more complex contracts can cost up to $10,000. But since a shareholder contract is a contract, it is always preferable to seek the help of a lawyer who understands the conditions required by a legally binding contract. A lawyer can help you design your shareholder contract in such a way that you cannot do it yourself. Normally, it is not necessary for each individual to use his or her own legal advice. Instead, your lawyer works with all of you and helps you get an agreement that lives up to everyone. A free, non-binding application will help you get a clear understanding of the best approach and likely costs for your particular circumstances. This article explains what a shareholder pact is and why it is important. Second, he explains why hiring a lawyer is the best decision in the development of a shareholder contract and what deficits are to do it yourself.
If you are asked to consider and address certain issues, you can make sure that all parties are on the same page. This process can help build trust and significantly reduce the potential for future disputes, which is one of the main reasons for a shareholders` pact. As the last word of the warning, be careful with the prices or offers you receive from someone, unless they have told you in detail about your circumstances. Without this information, it would be impossible to accurately assess the extent of the legal work required – and that is ultimately the most important thing for costs. Again, there is probably nothing wrong with the document itself. It is only, by definition, a draft shareholders` pact has not been prepared for you or your circumstances – meaning that it may be manifestly inappropriate or insufficient. That is why the document is proposed to you with so many exclusions of liability. What complicates matters further is that if there is a problem with your agreement, it may not become obvious until a few years from now. And if you realize the problem, it`s probably due to some difference or the fall of shareholders – the very moment when your agreement has to work. If you try to shorten this process, either by using a model agreement or relying too much on accountants or lawyers to make decisions for you, your agreement may not adequately meet your requirements. If this happens, the exercise at the end can be a waste of time and costs (no matter what you spend). At one end of the scale is the shareholder pact that you can download on the Internet.