Family Shareholder Agreements are entered into by the family members in relation to the family business. They constitute a formal, legally-binding agreement between family members regulating their conduct in respect of the family business.
The Family Shareholder Agreement typically covers:
We find that the process of working through the various elements of the Family Shareholder Agreement is a very important and positive exercise for a family business to undertake.
It can be a route map for both the business and the family moving forward. It can also be a way of reaching an overall agreement on how a number of issues should be addressed in the future. These issues can be whatever the family members think are relevant, but could cover:
The above list is not an exhaustive list and the things to be considered by each family business in the agreement will be unique to them.
The benefit to the business can be significant. We would also recommend that Family Shareholder Agreements are reviewed and amended on a regular basis to ensure that the route map is still the right direction for the business and the direction that the family members continue to wish the business to take.
It just goes for me to say thank you for your help and assistance and especially the advice in this matter and should A2Z have the need for similar services. We will certainly consider Banner Jones first
A2Z computers, London
Service was incredible. Lee Foster made the transition smooth and easy. Thanks Lee!
Mr P, Rotherham
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