Buy and download this introductory 4-page article about Shotgun Clauses in shareholder agreements, from the owner-manager's perspective.

A "shotgun clause" or "buy-sell clause" is a provision in the agreement that states if a shareholder wants out of the company, he/she can force the other shareholders to buy his/her shares. This article discusses the benefits and pitfalls of shotgun clauses, and the situations in which they work best.

Shotgun Clauses and the Owner Manager is provided in PDF format and is copyrighted by the author.