Shareholder Agreement For S Corp

• Category: Corporations - Shareholders and Stock
• State: Multi-State
• Control #: US-00624
• Format: Word; Rich Text

Description

The Shareholder Agreement for S Corp is a legal document designed to outline the rights and responsibilities of shareholders within a corporation. It primarily facilitates the sale or transfer of shares either during a shareholder's lifetime or following their death. This agreement establishes the procedures for sharing ownership, including notifications for selling shares, rights of first refusal for the corporation and existing shareholders, and terms for valuing shares. It ensures that transactions are conducted fairly and provides a clear framework for the purchase of a deceased shareholder's shares by the corporation or their estate. The form is particularly beneficial for attorneys, partners, and owners of S corporations, as it helps avoid disputes among shareholders and provides legal clarity. Paralegals and legal assistants will find it useful for managing documentation and ensuring compliance with corporate governance. To fill out the agreement, users must input relevant corporation and shareholder details, establish share values, and obtain signatures from all parties involved. The document can be amended by mutual written consent and remains binding on the shareholders and their successors.