As you set out to build your startup, don't forget that the agreement among the corporation's sharholders is a critical document. Why are shareholder agreements important in a Colorado corporation? Well, like any other contract between parties, a shareholder agreement sets expectations and is a “road map” for how to handle important shareholder matters. Importantly, a shareholder agreement aims to put the control of important corporate matters in the hands of those who would be affected by certain matters: the shareholders.
The most common and important provisions contained within a Shareholder Agreement are:
Right of First Refusal
Transfers, Death or Disability
Establishing a Price
Read more from our Colorado Startup Lawyers about why its critical that your Colorado startup has a shareholder agreement.