This Shareholder Agreement for Business Corporation is between a corporation and its shareholders entered into at the beginning of a corporation’s existence whereby the shareholders agree to work together to ensure that certain policies will be enacted by the corporation. Through this type of arrangement, the shareholders are hoping to avoid miscommunications or other disagreements that could affect the harmony of the business.

This agreement sets out an agreement as to the number of directors to be elected, their voting rights at any meeting and any individuals who should be hired by the corporation. It also sets forth the number of shares held by each shareholder, price for each share and any restrictions on transfer or voting of these shares. This agreement also contains general provisions and a comprehensive list of definitions for ease of reference by the parties.

This Shareholder Agreement for Business Corporation includes:

• Intent: Sets forth that the parties to this agreement desire to incorporate, number of shares for issue and that this agreement provides for the harmonious operation of the corporation;
• Definitions: List of definitions for use in interpreting this agreement;
• Corporate Information: Sets out the number of corporate directors, meeting quorum requirements, transfer of shares and number of shares held by each shareholder and value exchanged for the shares;
• Restrictions on Transfer: Specifies any restrictions on the transfer or sale of corporate shares and voting of these shares;
• Signatures: All parties who are incorporating must sign this agreement.

Protect yourself and your rights by using our attorney-prepared forms.

This attorney-prepared packet contains:

1. General Information
2. Instructions and Checklist
3. Shareholder Agreement for Business Corporation

State Law Compliance: This form complies with the laws of all states