During the normal course of the life of a San Diego or California corporation, it is necessary to modify or update a corporate Shareholders’ Agreement each year or so. This can arise from a number of developments including:
- Updates to accommodate changes in California, local or federal laws to ensure corporate compliance
- Bring discrepancies between the corporate by-laws and the shareholders’ agreement into harmony with one another
- Accommodate new investors or shareholders
- Update agreements that were previously downloaded or developed without legal oversight or review
- Manage changes in ownership, voting rights or stock transfers
- Update policies and procedures related to the Board of Director or Corporate Operations
The shareholders’ agreement is a principal corporate document which protects the viability of the corporation. The effectiveness of the agreement is foundational to the long term viability and success of the company itself. It is important to regularly update a corporate shareholders’ agreement and consult with the experienced corporate attorneys at the Watkins Firm, who contribute more than four decades of legal skill, experience and practical wisdom based upon business here in San Diego.
Many corporations begin with downloaded forms from a legal document website. Unfortunately these boilerplates do not fully reflect California’s unique laws regarding minority shareholders and have not been tailored to reflect the unique aspects of your company and it’s operations. The experienced corporate and business contract attorneys at the Watkins Firm review and update a corporate shareholders agreement to close gaps and ensure the presence and accuracy substantial clauses. This substantially reduces the likelihood of shareholder disputes while enhancing corporate governance and compliance.
Protect your corporation. Draw upon our experience, and ensure that your company is well positioned for future challenges and opportunities.
If you need to update or update a corporate shareholders agreement we invite you to review our podcast Episode 15 – Contract Law as well as the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.
