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James Millar
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Hi Matt

Yes a shareholders agreement will regulate the share transfer (sale) process for any shareholder. There are a host of items that can be documented including forced sale of certain minority shareholders, board discretion on approving a sale etc etc. As long as everything is prescribed clearly and agreed to clearly BEFORE they invest and become a shareholder then generally all outcomes can be catered for.

I recommend you engage a decent commercial lawyer (there a few members here) and they will help you out. Expect to pay between $1500 and $3000 for something decent and bespoke to your exact requirements.

Helping build better businesses and better lives with expert financial and taxation advice. [email protected] www.360partners.com.au 03 9005 4900