Shareholders Agreement
  • General Information
    • Details of Shareholders
    • Details of the Company
    • Share Capital
  • Corporate Governance
    • Daily Management
    • Shareholders' Rights
    • Miscellaneous
  • Complete the Document
    • Format & Signatures

Details of Shareholders

  • How many shareholders sign this Shareholder Agreement?

    !

    Shareholders of a company could be legal entities or individuals.

    Some or all existing shareholders may enter the shareholder agreement. This is their right, and not an obligation.

  • Indicate the full name of Shareholder 1:

  • Indicate the full business or residential address of Shareholder 1:

  • Indicate the full name of Shareholder 2:

  • Indicate the full business or residential address of Shareholder 2:

  • Indicate the full name of Shareholder 3:

  • Indicate the full business or residential address of Shareholder 3:

  • Indicate the full name of Shareholder 4:

  • Indicate the full business or residential address of Shareholder 4:

  • Indicate the full names and addresses of all shareholders who enter this Agreement:

  • Shall the Company buy back shares from a shareholder, if such a shareholder terminated their employment with the Company?

  • Provide contact email addresses of all shareholders:

Details of the Company

  • Indicate the full name of the Company entering this Agreement, including all applicable designators:

  • Does the company have ACN number?

    !

    An ACN (Australian Company Number) is a unique 9-digit number issued by ASIC to identify an Australian company, used to confirm its legal registration and identity.

  • Indicate the Company's ACN number:

  • Select the state or territory where the Company is registered:

  • Indicate the Company's registered business address:

  • Indicate the day and month on which the Company’s financial year shall commence:

  • Indicate the day and month on which the Company’s financial year shall end:

  • Select the date on which the Company was incorporated and registered:

Share Capital

  • How many ordinary shares does the Company have?

    !

    An ordinary share is the most common type of share in an Australian company, giving the holder voting rights, entitlement to dividends, and a right to share in surplus assets if the company is wound up.

  • Indicate the number of ordinary shares that belong to Shareholder 1:

  • Indicate the number of ordinary shares that belong to Shareholder 2:

  • Indicate the number of ordinary shares that belong to Shareholder 3:

  • Indicate the number of ordinary shares that belong to Shareholder 4:

  • Indicate how many shares shall belong to each shareholder in the Company's share capital:

  • Is there a lock-in period after this Agreement is signed during which shareholders cannot transfer their shares?

    !

    A lock-in period in a shareholder agreement is a set period of time during which shareholders are restricted from selling or transferring their shares to other shareholders or third parties. It’s designed to maintain stability and control in the company.

  • Indicate the duration of lock-in period:

Daily Management

  • How many directors the Company will have?

    !

    A director is an individual appointed to manage and oversee the affairs of a company, making decisions on its operations, strategy, and compliance with the law. Directors owe legal duties to act in the company’s best interests, exercise care and diligence, and avoid conflicts of interest.

  • Provide the maximum number of directors the Company can have at any time:

  • Describe the procedure for appointing directors of the Company:

  • Describe in which proportion every shareholder shall appoint directors to the Company:

  • Describe in detail the process of appointment of the Company's directors:

  • State the retirement age for directors:

  • Indicate the location at which meetings of directors shall take place:

  • Shall each director be able to appoint an alternative director?

    !

    An alternate director is a person appointed to act on behalf of a company director when the director is unavailable, temporarily stepping in to exercise the same powers and responsibilities.

  • Shall directors receive remuneration or compensation in connection with their role as Director?

  • Describe in detail how directors shall be paid:

Shareholders' Rights

  • Specify the minimum value of the Company’s assets for which shareholder approval is required prior to disposal, in Australian dollars:

  • State the minimum value (in Australian dollars) of any indemnity, guarantee, or security that obliges the Company, requiring shareholder approval before it is undertaken.

  • Indicate the minimum amount of a Company loan, in Australian dollars, that requires prior shareholder approval:

  • Shall this Agreement include a drag along rights?

    !

    A drag-along right is a provision in a shareholder agreement that allows majority shareholders to require minority shareholders to sell their shares if the majority decides to sell the company to a third party. It ensures that a buyer can acquire 100% of the company without being blocked by minority shareholders.

  • Specify the shareholding threshold at which a shareholder is required to sell their shares if the majority shareholder sells theirs:

  • Shall this Agreement include a tag along rights?

    !

    A tag-along right is a provision in a shareholder agreement that allows minority shareholders to join in a sale if the majority shareholder sells their shares, ensuring that minority shareholders can sell their shares on the same terms as the majority.

Miscellaneous

  • Provide full details of the location where mediation of any dispute between shareholders shall take place:

  • What portion of the Company’s after-tax profits shall be declared as dividends?

    !

    By answering this question you have to decide how much of the company’s profit, after paying tax, will be paid out to shareholders as dividends, rather than being kept by the company for reinvestment or reserves.

  • Will the Company obtain insurance which provides cover for directors and officers liability?

  • Choose how long a shareholder must not compete with the Company after they stop holding shares:

    !

    A non-compete clause in a shareholder agreement is a provision that restricts a shareholder from engaging in competing business activities with the company, usually during their shareholding and for a defined period after they cease to be a shareholder.

  • State the distance (in km from the Company’s address) within which a former shareholder must not compete:

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