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Shareholders Agreement for S Corporation | USA
Prepare a Shareholder Agreement to govern the operation, management and control of an S corporation with this easy-to-use USA template.
- The shareholders agree to maintain the corporation's status for tax purposes, unless a 3/4 majority of the shareholders consent to revoke the status.
- The shareholders agree to enter into a buy-sell agreement to govern the purchase and sale of the corporation's shares.
- Stock certificates must contain a restrictive covenant stating that the stock is subject to the terms of the Shareholder Agreement and the buy-sell agreement.
- If the corporation requires additional operating capital, the shareholders must each contribute additional capital within 30 days of request.
- This legal form template is provided in MS Word format and is fully editable to meet your requirements.
- Intended for use only in the United States.
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Directors Resolutions Redeeming Shares | Canada
Before a Canadian corporation can redeem any of its issued shares, the action must be authorized by a Resolution of the Directors.
- Use this easy downloadable template to prepare the Resolution form.
- By passing the Resolution, the Board of Directors authorizes the redemption of shares from a shareholder.
- The shares will be redeemed provided that the corporation determines that redeeming the shares would not render the corporation unable to meet its liabilities.
- A resolution for redemption of shares also requires the consent of the shareholders.
- This corporate template can be used by federal corporations and by any provincial corporation which was formed under a Business Corporations Act. A French language translation is required for use in Quebec.
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Shareholder Agreement with Community Property Provisions | USA
Prepare a Shareholder Agreement that describes how community property laws will apply to the spousal interest of a shareholder's spouse with this template form for USA profit corporations.
- The sale of shares by a shareholder will include the spousal interest.
- Provisions for put and call options to deal with disposition of the shares held by a departing shareholder.
- Provisions for Subchapter S election.
- The downloadable template includes a Spousal Consent form by which a shareholder's spouse agrees to bequeath all his/her interest in the shares to the shareholder.
- This form of Shareholder Agreement is ideal for corporations formed in any community property state.
- Available in MS Word format. Download the file and customize it to fit your company's needs.
- Intended to be used only in the United States.
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