We have a small start up business with 5 partners and currently have a shareholder agreement for the 5 of us. We have an opportunity to bring on a new partner who will also provide financial resources already agreed to. What are the steps to creat a new shareholder agreement, with a change in shares, to include this new partner?
Answer
Simplest would be to amend the existing agreement, though you could re-write the whole thing over again if it become too complicated or concerning.
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