Rights of First Refusal, Piggy-Back Rights, and other Restrictions on Transfer of Shares

Most shareholder agreements for closely-held corporations will restrict the sale or transfer of shares. The purpose of these restrictions are to ensure that you don’t unwillingly end up in business with someone you don’t know and/or with whom you would not have gone into business in the first place. For example, if you’re in business […]

We all get along – do I still need a shareholders’ agreement?

You’re getting along with the other shareholders of your corporation and you are agreeing on everything – great! This is the best time to put a shareholders’ agreement in place. If you wait until there’s a problem, you’ve waited too long and it’s now too late. If you aren’t getting along, the last thing that […]