Most shareholders of newly formed companies automatically accept the ‘model articles’ found on the Companies House website as being the rules by which the company is to operate internally, no questions asked. However, there may be good reasons why such a basic framework is insufficient or impractical and this is where shareholders agreements come in.

Read this excellent article by Jennifer Adams.

www.accountingweb.co.uk/article/accountingweb-guide-shareholder-agreements/519693