Day: October 7, 2026
Shareholders Agreements for Small Private Companies
Starting a company with a friend, relative or business partner usually begins with goodwill and a handshake. Everyone is busy building the business, so the paperwork about who owns what gets pushed aside. That is understandable. It can also become expensive later if the owners fall out or one of them wants to leave.
A shareholders agreement is the document that sets out how the owners of a private company will deal with each other. It sits alongside the company’s own rules and covers the questions those rules often leave open. This article explains how the two fit together and what an agreement usually deals with. It is general information for Australian companies.
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