Shareholders Agreement for Irish Companies
A Shareholders Agreement is a legally binding contract between the shareholders/members of a company. It is used to detail the rights and conduct of the members throughout a variety of situations and dealings. One key reason for putting an agreement in place would be the lack of provisions for shareholders in the Companies Act 2014. As a result, there are minimal rules governing the powers of things like minority shareholders, the sale of shares and how disputes are resolved.
A Shareholders Agreement is there to safeguard against an unwanted imbalance in control or lengthy and damaging conflicts within a company. Aspects of the governance of a company like when a party offer to purchase the company or the conditions of sale of shares can be teased out in full detail. Powers can be granted to various shareholders that a share class would normally lack, for example, giving a minority shareholder power to appoint a director or intricate details of preference when winding up a company.
At Company Bureau we can fully explore and formulate a bespoke Shareholders Agreement, tailored to the requirements of your company. Constructing an agreement will ensure contingencies are put in place to allow the business to run smoothly allowing you to fully focus on obtaining and advancing your customer base.
Should you wish to discuss any aspect of a Shareholders Agreement, the clauses that can be used to secure your business or any other aspect of company law, don’t hesitate to contact our Company Secretarial Department on 01-6461625 or email firstname.lastname@example.org. Alternatively, you may complete our contact form today.Contact us now for further details