Understanding Shareholders Agreements from the Experts at Glenville Walker
As part of Downtown Den’s Meet the Partners, Frank McKenna caught up with Michael Smeaton and Anna Salisbury from Glenville Walker to get advice for our members about Shareholders Agreements and why we need them. Going into business with a partner can feel like the start of something brilliant. You’re aligned on the vision, excited about the opportunity, and ready to build something together. But what happens when things don’t go to plan? When one person wants out, or priorities shift, or you simply can’t agree on the next step?
That’s where shareholders agreements come in. They’re often overlooked in those early, optimistic days, but they’re one of the most important documents you’ll put in place. Think of it as a relationship contract for business partners – setting out who gets what, what happens if someone leaves, and how you’ll handle the tough conversations before they become real problems.
Today, we’re breaking down what shareholders agreements actually are, why they matter to your business, and the issues we most commonly see when they’re not in place – or when they haven’t been thought through properly. Because getting this right from the start can save you from costly disputes down the line.
For more information and to find out how Glenville Walker can help you visit www.glenvillewalker.com.
