There are many details to take care of when you are starting a business. If you are going to incorporate you will have to have Articles of Association, Shareholders Agreement and possibly a Business Transfer Agreement. If you have all these things in place and then you require another shareholder to be added you will need a Deed of Adherence. This document will enable you to add this new shareholder to an existing shareholders agreement. We offer this template at a great price so that you can do it yourself without a huge cost to your business.
One reason that you may have a new shareholder that needs to be added could be that a shareholder has sold their shares. This new person would then become the new shareholder and have to be added through the Deed of Adherence. Although this is one reason you may have to add a shareholder it isn’t the only one. In business, you never know when you might have need for a Deed of Adherence, and when you purchase this document from us you can use it again and again. Our template is downloadable so it is always there when you want it.
If you are starting a business you will find that you will need more than the Deed of Adherence so we offer a subscription to all the documents in the Business Section for one low price. This enables you to save money and have all the documents on hand when you need them. The Deed of Adherence will only be used to add a shareholder to a company that already has a Shareholders Agreement. You could decide to sell more shares of your company at some point and this is when a Deed of Adherence would have to be filled out and signed. So having the option to download it is a very good thing.
Before transferring or selling their shares the shareholder will need to make sure it is permissible. Generally this is not a problem, but it should be checked out before the need arises. If the person wishing to obtain the shares is vetted or permitted to hold the shares you can use the Deed of Adherence. Any new shareholders that have been admitted must follow the original Shareholders Agreement. The company will be unable to register the new shareholder if they haven’t signed the Deed of Adherence so you really must have this document on hand.
As with the rest of our do it yourself documents the Deed of Adherence can be customised for your business needs. The template can be made custom for the amount of shares to be transferred as well as the way you wish to transfer them to the new shareholders. We have had all of our documents drafted by a solicitor so that you can be sure it is legal in the UK. The legal information within the template will ensure that you and your business are protected when shares are transferred. Making your business documents easy to buy and use is our commitment to you.