Idaho Shareholders' Agreement with Special Allocation of Dividends among Shareholders in a Close Corporation

State:
Multi-State
Control #:
US-1085BG
Format:
Word; 
Rich Text
Instant download

Description

A corporation whose shares are held by a single shareholder or a closely-knit group of shareholders (such as a family) is known as a close corporation. The shares of stock are not traded publicly. A shareholders' agreement may contain provisions relating to any phase of the affairs of a close corporation. Statutes often provide that the agreement may, as between the parties to the agreement, alter or waive the provisions of the general corporation law except those provisions that are specifically exempt from such alteration or waiver. A shareholders' agreement may not be altered or terminated except as provided by the agreement, or by all the parties, or by operation of law.
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  • Preview Shareholders' Agreement with Special Allocation of Dividends among Shareholders in a Close Corporation
  • Preview Shareholders' Agreement with Special Allocation of Dividends among Shareholders in a Close Corporation
  • Preview Shareholders' Agreement with Special Allocation of Dividends among Shareholders in a Close Corporation

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FAQ

Dividend Policy The board of directors has sole discretion over dividend payments along with most other strategic decisions. Therefore, shareholders cannot force the company to make a dividend payment.

(4) Dividends are payable to the shareholders in a no liability company in proportion to the number of shares held by them, irrespective of the amount paid up, or credited as paid up, on the shares.

Related Courses. The terms stockholder and shareholder both refer to the owner of shares in a company, which means that they are part-owners of a business. Thus, both terms mean the same thing, and you can use either one when referring to company ownership.

Shareholders expect the companies that they invest in to return profits to them, but not all companies pay dividends. Some companies keep profits as retained earnings that are earmarked for re-investment in the company and its growth, giving investors capital gains.

Common shareholders are granted six rights: voting power, ownership, the right to transfer ownership, dividends, the right to inspect corporate documents, and the right to sue for wrongful acts.

A shareholder is any person, company, or institution that owns shares in a company's stock. A company shareholder can hold as little as one share. Shareholders are subject to capital gains (or losses) and/or dividend payments as residual claimants on a firm's profits.

Declaration and payment of dividends A company has an implied power to distribute its profits to its members by way of dividend, unless its articles provide otherwise. However, it is under no legal obligation to pay dividends, unless the rights attached to any of those company's shares specify that it must.

Obviously, a shareholder agreement is not necessary in a one-person corporation. However, consider entering into a shareholder agreement if you have more than one shareholder or when you want to bring in other investors as your business grows.

The definition of a shareholder is a person who owns shares in a company. Someone who owns stock in Apple is an example of a shareholder. A person who owns one or more shares of stock in a joint-stock company or a corporation. Synonymous with stockholder.

The shareholder is the one who can execute his right to the dividend and who is entitled to request (not to demand) the distribution of profits to the company investors. The right to the dividend is eventual, conditioned and abstract, which eventually when certain conditions are met, materializes.

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Idaho Shareholders' Agreement with Special Allocation of Dividends among Shareholders in a Close Corporation