These are the top 10 questions when partners proceeding to a partnership or accepting shareholders:

1. Formation of the business's entity and principle place of business;

2. Purpose of the business and partners' or shareholders' roles and responsibilities;

3. Drafting and Duration of the shareholders agreement;

4. The authorize signatory for official company docs, delegate of jobs and cheques signatory;

5. Debts management, liability, clearance of resolutions and release of debts;

6. Accounting, tax, registered address and viewing of accounts.

7. Division of Profit and Loss, dividend policy, voting rights and frequency of meetings;

8. Partnerships's paid-up capital and procedures to do shares allotment  or transfer;

9. Death, admitting, terminate and exit plans of a partner or shareholder;

10. Selling or winding of business.

If you want to read more, please download the PDF version of the checklist: Checklist on Shareholder Agreement

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