Shareholders' Agreements in Quebec: 4 Questions to Keep in Mind

You have a corporation and you have a great business partner – but you and your business partner have not yet established any of terms of your relationship. Like any other relationship, you need to know how to handle certain situations if they arise, for instance:

What happens if one of the shareholder dies?

What happens if one of the shareholders wants to leave the corporation?

What happens if you want to leave the corporation?

What happens if a shareholder wants to bring in another shareholder into the corporation?

What happens if a majority shareholder wants to sell their shares to a third party?

You might not have the answers to these questions – that’s why shareholder agreements are pivotal for any corporation. Shareholder agreements are most valuable when certain problematic situations arise in a corporation. By signing a shareholder agreement at the start of the partnership, the shareholders will establish a set of rules and guidelines to handle these situations and to avoid the additional headache associated therewith. These are some of the questions shareholders should keep in mind.

For more information, you can check out our blog post on the topic here:

For more information on commercial leases, please visit our commercial lease page here:

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Chalati Lawyer, with its head office located at 200-2205 boul. de la Côte-Vertu, Saint-Laurent, Quebec, H4R 1N8. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Chalati Lawyer or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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