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Why is a Shareholders Agreement important?
A Shareholders Agreement is an important contract between owners of your company. It governs how decisions are made, what happens when a shareholder wants to leave the company, how disputes are handled and other important matters.
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A Shareholders Agreement is a contract made between the owners of a business, and it’s a crucial part of setting up your business. This document lays down the ground rules for a company’s shareholders, what happens when a shareholder wants to leave the company, how disputes are handled and other important matters. Even if you’re in business with friends or family, having ground rules like these is always healthy for the relationship and the business, especially as your business grows and the stakes become higher.
If you’re setting up a company with more than one shareholder, you need a Shareholders Agreement. A shareholders agreement provides clarity for future investors to understand the structure of the business and responsibilities that apply to shareholders. It is key to getting new investments as well. A Shareholders Agreement reduces the potential for conflict between shareholders and helps the company run smoothly and efficiently, with minimal legal headaches.
A shareholders agreement will usually cover a range of areas relevant to the overall operation and ownership of the company, such as:
A Shareholders agreement is much more complex than it seems, and a legal expert would be the best to help you get it right from the get go.
All businesses are unique, and a template wouldn’t be specific to the needs of your business. The Shareholder Agreement needs to be tailored to the particular needs of your company. Our legal team can provide advice about issues relevant to your business, and draft/review your Shareholder Agreement.
This package includes everything you need to set up your company’s Shareholder Agreement, starting from $1200 + GST. We will draft a Shareholders Agreement in accordance with the requirements of your business, provide a Companies Office company search for 1 company (if required) , phone consultations with Sprintlaw’s legal team and a complimentary amendment to the final draft we provide you.
Our legal team is made up of experienced lawyers, who are specialists in various areas of law and hold an Australian legal practising certificate. None of our Sprintlaw lawyers are New Zealand qualified lawyers and they do not currently hold a New Zealand practising certificate. They provide legal services working remotely from Australia via our ‘legal consultancy’ model, through which (under section 6 and section 35 of the New Zealand Lawyers and Conveyancers Act 2006) our Australian legal team are permitted to provide legal services to New Zealand businesses provided they do not provide services in certain ‘reserved’ areas of law. You can read our FAQ page to learn a bit more about our ‘legal consultancy’ model.
Given the strong similarities between Australian and New Zealand law, and the areas of law in which we practice (being small business and startup law), we do not view the fact that our lawyers have not qualified in New Zealand as having any substantive impact on the quality of our service. We are committed to ensuring that we provide high quality, affordable legal services to all our New Zealand clients.
Our legal team have all trained at leading Australian firms, but have left the traditional corporate law world to join us on our mission to create a new and better way of delivering legal services. They have specialist expertise in technology law, intellectual property law, contract drafting and review, corporate law and commercial law.
We’re an award-winning, totally online legal provider. Forget the hassle of meeting face-to-face. Our top-trained legal team is ready to help wherever you are in New Zealand.
Our legal team were recruited from top law firms and use our custom-built technology to provide a better and more affordable legal service.
1 / Get a free quote
Our legally trained consultants will prepare a fixed-fee quote for you.
2 / Accept online
Accept your fixed-fee quote and e-sign our engagement letter.
3 / Speak with us
Our expert legal team will talk you through your project via phone, video call or whatever suits!
That's it!
Receive your completed project, usually within 5 - 10 working days.
Adapt Leadership
“Can't speak highly enough of my experience with Sprintlaw - quality advice, fast and efficient responsiveness and a professional product.”
Kiindred
“I had a fantastic experience with Sprintlaw - it was easy, cost-effective and their lawyers provided very high quality advice. I could tell they really cared about my business.”
Soul Burger
“They’ve helped us tremendously and are seriously knowledgeable and honest. Couldn’t recommend the crew at Sprintlaw more!”