Implement practical solutions
Without a shareholders’ agreement, the applicable laws will intervene to settle disputes. This means that shareholders will have to refer to the law, to an arbitrator or even to court to resolve their issues, which could be time consuming and expensive.
However, these solutions won’t always be catered to the specific needs of your business. With a shareholders’ agreement, you can establish practical solutions to conflicts that may arise, which will be better suited to your business.