Appendix C
Checklist: Issues to Consider for a Shareholders’ Agreement for Architectural Corporations

The following is a list of common concerns and clauses in a shareholders’ agreement. The list is not exhaustive, will vary in individual circumstances, and cannot replace legal advice. Architects should consult their lawyers before negotiating or entering into a shareholders’ agreement.

Construction of the Agreement

Parties to the Agreement

Rights and Obligations of Shareholders



Management of the Company

Issuance of Additional Shares

Term and Termination Options


Valuation Methods

Sale of Shares

General Sale Provisions

General Contract Provisions