Time to Consider a Shareholders Agreement for your Business?

“Are you running an incorporated business with family or non-family members? If so, are you and your co-owners working in a harmonious environment and agreeing on the direction in which the business is currently going?,” BDO Canada asked in a recent online article. The article continued, “If this is your situation, it’s definitely a good place to be; but be mindful that challenges can arise that will require you to resolve disputes or deal with unfortunate situations — such as if a shareholder dies or becomes disabled. It is these types of challenges which make it imperative to have a shareholders’ agreement in place. And to be an effective agreement, it needs to reflect the key principles and philosophy of all of the shareholders.” Read the full article here. | Raymond Matt, CFP, CLU, TEP, CHS

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