Document background
The Small Business Shareholder Agreement is a fundamental document for small corporations operating in the Philippines, designed to establish clear rules and protocols between shareholders while ensuring compliance with Philippine corporate law. This agreement becomes essential when two or more parties hold shares in a small business corporation, particularly during initial company formation or when new shareholders join. It addresses crucial aspects such as share transfers, voting rights, management participation, and dispute resolution, while incorporating specific requirements under the Revised Corporation Code of the Philippines. The document serves as a protective mechanism for all shareholders, helping prevent potential conflicts and providing clear guidelines for business operations and decision-making processes.
