A unanimous shareholder agreement (USA) is a legal document that outlines the rights and obligations of shareholders in a corporation. It is a contract between all shareholders that governs how the corporation is run, outlines the responsibilities of each shareholder, and defines how disputes will be resolved. The purpose of a USA is to provide a framework for shareholders to work together and manage the corporation effectively.
Why Do You Need a Unanimous Shareholder Agreement?
A USA is a useful and recommended tool for any corporation with multiple shareholders. It provides a structure for decision-making, sets out the responsibilities of each shareholder, and can help prevent disputes from arising. A USA can also protect the interests of minority shareholders and ensure that their rights are respected. Without a USA, shareholders may find themselves in conflict over decision-making, profit distribution, and other issues, which can be costly and time-consuming to resolve.
How Can We Help?
At Jomha Skrobot LLP, we have extensive experience in drafting and reviewing USA’s for corporations of all sizes. Our lawyers will work closely with you to understand your needs and provide legal advice tailored to your specific situation. We will help you draft a USA that reflects your business goals and protects the interests of all shareholders. We can also review existing USA’s to ensure that they are up to date and effective.