Shareholder Agreements

We have been working on a shareholder agreement with some slightly complicated succession clauses.
In summary:

(a) the company pays for insurance for the key persons associated with each of the shareholder companies;
(b) in the event of death or total and permanent incapacity of a key person:
(i) the shareholders associated with that key person only get nominal amounts for their shares; and
(ii) instead, that shareholder receives the benefit of the insurance policy.

If you are talking to someone who is a shareholder in a company with other business colleagues, please ask them if they have a shareholder agreement with succession provisions and if not, suggest they have a coffee or a sushi Tuesday lunch with us at Michael Paterson & Associates.

Let’s Chat:

 

Chat:
(08) 9443 5383

 

Correspond:
legaladvice@patersons.com.au

 

Coffee:
4/88 Walters Drive
Osborne Park
Western Australia 6017

 

Complete:
the form below…

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Chat:
(08) 9443 5383

Correspond:
legaladvice@patersons.com.au

Coffee:
4/88 Walters Drive
Osborne Park
Western Australia 6017

Complete:
the form below…

Please provide your details...