Shareholders agreement template for Australian companies
Set who controls the company and what happens when a shareholder leaves.
Ready in about 15 minutes
What this document does
This agreement sits alongside your company's constitution and governs how the shareholders run a Pty Ltd company together. It fixes the questions that split co-founders later: which decisions need more than a simple majority, who gets a board seat, how shares can be sold, and what happens when a shareholder exits, is bought out or wants to force a sale. The control protections are drafted as promises between the shareholders to vote their shares a certain way, because a company cannot contract out of its power to amend its own constitution. An Australian solicitor reviewed and approved the template. You answer plain questions and download it ready to sign.
The questions we’ll ask
The company
The business
Shares, funding and board setup
The shareholders
The board
Reserved matters
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Questions people ask.
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- How is this different from my company constitution?
- The constitution is the public rulebook every company must have; the shareholders agreement is a private contract between the owners that goes further. It covers reserved matters, board seats, exits and a deadlock process that a standard constitution leaves out. Where the two need to line up, the agreement says so, and some protections a minority most needs (like a block on dilution) are only durable if a solicitor also entrenches them in the constitution.
- How many shareholders can it cover?
- Two or more. You add a card for each shareholder and fill in their details one at a time, so it works for two co-founders or a larger cap table. A shareholder can be a person or a company, and the signing block adjusts to match.
- What happens when a shareholder leaves?
- The leaver provisions buy out a departing shareholder's shares, at a value worked out by an independent expert if the parties cannot agree. You choose whether someone who leaves on bad terms (a bad leaver) is paid less than a good leaver, and whether a minority discount applies.
- What are tag-along and drag-along rights?
- Tag-along lets a minority shareholder join a sale on the same terms when a majority sells, so they are not left behind with a new controller. Drag-along lets a majority require the minority to sell into an agreed deal, so one holdout cannot block a sale of the whole company. Both are optional and you turn them on if you want them.
- Can we sign this online?
- Not through the platform. A shareholders agreement is signed by every shareholder and the company, so there are always at least three signatories, which is more than the online signing supports. You download the document and sign it by hand, and the guidance walks you through it.
- Is this a subscription?
- No. It is $79 once. No monthly fee, no auto-renewal. You buy the document and can reuse it if the shareholders change.
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