Free Shareholder Agreement Template — Fill Out & Download Instantly
A shareholder agreement is a private contract between the shareholders of a corporation that governs their relationship, rights, and obligations regarding the company. Unlike corporate bylaws (which are public and govern the company itself), a shareholder agreement is a private document that can address voting arrangements, share transfer restrictions, dividend policy, management decisions requiring unanimity, buy-sell provisions, drag-along and tag-along rights, and funding obligations.
⚠️ Legal Disclaimer: This template is attorney-reviewed and built to US legal standards. It does not substitute for professional legal advice. For complex situations, we recommend consulting a licensed attorney.
What Is a Shareholder Agreement Template?
A shareholder agreement is a private contract between the shareholders of a corporation that governs their relationship, rights, and obligations regarding the company. Unlike corporate bylaws (which are public and govern the company itself), a shareholder agreement is a private document that can address voting arrangements, share transfer restrictions, dividend policy, management decisions requiring unanimity, buy-sell provisions, drag-along and tag-along rights, and funding obligations. This template is designed for small and medium-sized closely held corporations with 2-3 founding shareholders..
When Do You Need It?
You need a shareholder agreement when: two or more people are starting a company together, investors are taking equity in a business, co-founders need to formalize their ownership and decision-making structure, or shareholders want to restrict who can own shares in a closely held business. A shareholder agreement is particularly important for protecting minority shareholders and establishing what happens when shareholders disagree..
What's Included in This Template
- Company name and type
- Shareholder names, share counts, and ownership percentages
- Board composition and governance
- Voting rights structure
- Major decisions requiring unanimity or supermajority
- Dividend policy
- Share transfer restrictions (right of first refusal, lock-up, or board approval)
- Drag-along rights for majority shareholders
- Tag-along rights for minority shareholders
- Optional: Non-compete per shareholder
- Buy-sell provisions for shareholder exit or death
- Share valuation method
- Funding obligations
- Deadlock resolution mechanism
- Governing law
- Signature blocks for all shareholders
How to Fill It Out
Legal Requirements & Notes
Shareholder agreements are among the most important legal documents for closely held businesses. Key considerations:
Frequently Asked Questions
Bylaws are the public governing document of the corporation, filed with the state, that cover general corporate governance (meetings, officer roles, quorum requirements). A shareholder agreement is a private contract between shareholders that adds protections and arrangements beyond bylaws — such as transfer restrictions, buy-sell rights, and unanimity requirements. Both documents govern the company and shareholders; the shareholder agreement typically governs matters that shareholders want to keep private.
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