Thursday, April 22, 2010

Legal Clarity Stresses Importance of Shareholders Agreements

Legal Clarity report on the importance of a shareholders agreement for any company with more than one shareholder. In particular the restrictions placed on a shareholders ability to transfer shares.

(PRWEB) April 23, 2010 -- Legal Clarity, an innovative legal services company based in Birmingham, has today issued an article debating the issues entrepreneurs should consider in a shareholders agreement. In particular, the restrictions which should be placed on a shareholder's ability to transfer shares.

Legal Clarity's shareholders agreement drafting service combines web-based technology with its skilled draftsmen to provide bespoke shareholders agreements tailored to the needs of accountants, entrepreneurs and solicitors.

The article states that companies with more than one shareholder should think carefully about entering into a shareholders agreement. In particular it notes that the restrictions on transfer contained within a shareholders agreement are usually one of its most valuable features.

James Quinn, Director says:

'With signs of economic growth there is a marked increase in the number of new companies being formed with multiple shareholders. Similarly, new equity investments in existing companies are on the increase in this recovering market.'

'Shareholders in private companies with more than one shareholder should not lose sight of the need to protect themselves with well drafted shareholders agreements.'

'This new article highlights the restrictions on share transfers that shareholders should consider.'

Legal Clarity provides fixed cost legal services, tailored to the individual needs of its clients. It offers a wide range of legal drafting, company secretarial and company formation services through its website. A free shareholders agreement guide is available on its website from today. For more information, please visit

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[Via Legal / Law]

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