Shareholder agreement could cost you a lot of money !

We instruct people to get a shareholder agreement and I still think it is a must to have one. Make sure you take the time to craft a agreement that works for you . When it is not properly drafted , by a lawyer who is not a true specialist or one that just wants to give you a boiler plate version , it can cost you thousands of dollars when a dispute occurs . Ask your advisers questions so you completely understand what the legal terms are and how they will affect you . When relationship between shareholders sour they will go back to the agreement and that is not a good time to learn that the agreement you have is inadequate .