It’s a bit hard to think about exit when you’re only just starting, isn’t it?
Nonetheless, now’s the time to do it.
Think of the Shareholder Agreement as a prenup!
The time it is of most use will be when the relationship goes pear-shaped. Best get all this stuff sorted when you still love each other as we’ve seen way too many relationships, when they turn ugly, go the way of attack via getting into the things closest and/or worth the most.
Given your business might be the 2nd largest asset that you own (other than your house) or in some cases, the largest. Doesn’t it make sense, when starting with the end in mind, to look after it as part of the process of sharing?
After all, that’s what a shareholding is about… sharing the risk and the reward!