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  • Great job!!! Michael and his team are extremely dedicated and hard working. From the very beginning, they want you to feel comfortable and know they care about your case. Thank you for all your help!!!

    - Divorce Client

  • It was time me to get a divorce and I went to Mr Kuldiner. He was very up front about everything. When we went to court he did everything and more then he said he was going to do. We settled out of court and I was able to keep all of my 401k. Money well spent. I would recommend him to anyone

    - Custody and Divorce Client

  • Magnificent!!! Very honest, quick reply, patiently listen to you and gives you best advice. Highly recommended. Thank you Mr. Kuldiner for your help and support in my legal matter.

    - Divorce Client

Shareholder Agreements

SHAREHOLDER AGREEMENTS

shareholder agreement lawyer doylestownWhen starting a business, it’s easy to assume that everyone involved will remain on the same page about future business practices. A shared ideology on financial practices, ownership and management policies may be initially apparent. But part of running a smart business is setting the foundation of the business in writing to ensure a smooth operation over the life of the business. A comprehensive shareholder agreement is a key document to have when starting a business.

What is a shareholder agreement?

A shareholder agreement, or sometimes known as a stockholder agreement, describes the rights and obligations of a company. It delineates investors’ rights to information, regulating voting rights, any restrictions on transferring shares and rights of first refusal (or buy-sell agreement).

Why would a business need one?

Commonly utilized by smaller companies and startups, a shareholder agreement is a supplement to a constitutional document (such as a partnership agreement). This document is not public like a partnership agreement, and sets out the specific methods of handling problems such as methods to resolve disputes, e.g. arbitration. Ethical practices and roles within the company are also addressed.

By spelling out the terms, there will be less friction among members of the organization and shareholders have a guiding document if they suspect unfair practices.

Problems may inevitably arise in a new business venture; however, having a solid shareholder agreement helps dictate how those problems are to be handled. Rather than leave those problems up to messy disputes or litigation, referring to a shareholder agreement can lead to an agreed upon method of resolving the problems.

When you need an attorney to represent you with your legal matters, contact the Law Offices of Michael Kuldiner, P.C. in order to obtain the best results possible in each case. To arrange a consultation, please give us a call at (215) 942-2100 or contact us by submitting the form at top right.

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