Washington DC Shareholder Agreement Attorney
A Washington DC business attorney you can trust in an invaluable resource for your business. At Antonoplos & Associates, we have provided legal services for over twenty years to a wide range of businesses and are ready assist your business achieve your business goals and objectives by preparing your shareholder agreement.
Why Every Business Needs A Corporate Attorney
Most business owners face business-related legal decisions on a daily basis. As a business owner this should be no surprise. However, when polled most business owners don’t have a trusted business attorney to represent their business. When asked why?
Most business owners responded that they thought that a business attorney would be too expensive for the needs of their business. As a result it appears that business owners only hire a business lawyer when serious legal issues emerge.
At Antonoplos & Associates, we don’t’ think you need a business attorney for every decision you make, however, having a relationship with a good business attorney can be an invaluable resource to your business. For many business owners consulting with a business attorney before making a major business decision can even help save your business money.
What Is A Shareholder Agreement?
A shareholder agreement is an agreement among the shareholders of a corporation setting out how the company should be operated. This document should detail the rights and responsibilities of the shareholders as well as their obligations. This form also contains information on the regulation of the shareholders’ relationship with each other, voting rights, the management of the company and control. In addition, a shareholder agreement typically provides how ownership of the corporate is allocated among the of shareholders, what if any privileges and protection the shareholders have from liability for actions of the corporation.
A properly drafted shareholder agreement is critical to ensure that all shareholders are treated fairly and that their rights are protected. Often this document will be drafted to protect the interests of minority shareholders. In particular, a shareholder agreement may specify the mechanism to determine the price of the shares of the corporation. Likewise, a shareholder agreement may include provisions for valuing of the shares and the corporation.
Further, a shareholder agreement often will set out the requirements for someone to become a shareholder of the corporation and may contain restrictions on who may become a shareholder of the corporation. Finally, a shareholder agreement can include restrictions on the transfer of stock of the corporation and other mechanisms to protect the interests of minority shareholders. In the event of litigation among shareholders, a properly drafted shareholder agreement can be a critical tool for protecting the interests of minority shareholders.
For more information on shareholder agreements please contact Antonoplos & Associates at 202-803-5676 or directly schedule an appointment. If you would like to find out more about DC Divorce law or family law in general, check out our blog.
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