Some common situations that most shareholder agreements try to address are:
- What happens if a shareholder dies or becomes disabled, or gets divorced?
- What happens if the shareholders aren’t getting along?
- What happens if a shareholder wants to sell their shares to a third party?
- How is the company going to distribute dividends, or make distributions, to the shareholders?
You may have a mutual understanding of how to address those issues, but it should be written out in a shareholders’ agreement to make it binding.