I’m starting a business with a few partners. Do we really need a shareholders’ agreement, or can we just rely on the company’s default rules?
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A shareholders’ agreement is a smart move to clarify roles, voting rights, and dispute resolution among partners. Unlike generic Articles of Association, it’s tailored to your needs. I found a great explanation at https://taxus.tech/blog/contract/shareholders-agreement-what-is-it-and-why-is-it-needed/ that outlines why it’s key. It helps avoid costly disputes and protects everyone’s interests, especially as your business grows. Consulting a lawyer to draft one is worth it.