A corporation whose shares are held by a single shareholder or a closely-knit group of shareholders (such as a family) is known as a close corporation. The shares of stock are not traded publicly. A shareholders' agreement may contain provisions relating to any phase of the affairs of a close corporation. Statutes often provide that the agreement may, as between the parties to the agreement, alter or waive the provisions of the general corporation law except those provisions that are specifically exempt from such alteration or waiver. A shareholders' agreement may not be altered or terminated except as provided by the agreement, or by all the parties, or by operation of law.
Alameda California Shareholders' Agreement with Special Allocation of Dividends among Shareholders in a Close Corporation is a legal document that outlines the specific terms and conditions regarding the distribution of dividends among shareholders in a close corporation based in Alameda, California. This agreement is crucial for setting guidelines and promoting transparency in terms of dividend allocation, ensuring the fair distribution of profits among shareholders. Keywords: Alameda California, Shareholders' Agreement, Special Allocation, Dividends, Close Corporation, Shareholders, Distribution, Profits, Guidelines, Transparency. Different Types of Alameda California Shareholders' Agreement with Special Allocation of Dividends among Shareholders in a Close Corporation: 1. Standard Shareholders' Agreement: This type of agreement establishes the general terms and conditions for the allocation of dividends among shareholders in a close corporation in Alameda, California. It may include provisions regarding the percentage of profits to be distributed, the method of calculation, and the frequency of dividend payments. 2. Preferred Shareholders' Agreement: In cases where a close corporation has preferred shareholders, this agreement specifies the special allocation of dividends. Preferred shareholders typically have the right to receive a certain fixed dividend amount before the distribution of profits to other shareholders, and this agreement outlines the terms and conditions of such allocations. 3. Proportional Shareholders' Agreement: This type of agreement establishes a proportional allocation of dividends based on the percentage of ownership each shareholder holds in the close corporation. It ensures that dividends are distributed in direct relation to the shareholder's ownership stake, promoting fairness and equity among shareholders. 4. Performance-based Shareholders' Agreement: This agreement applies when the dividend distribution is based on specific performance metrics of the close corporation. It outlines the criteria, targets, and formula to be used in determining the allocation of dividends, often incentivizing shareholders to actively contribute to the company's growth and success. 5. Vesting Shareholders' Agreement: If certain shareholders' ownership interests are subject to vesting over time, this agreement defines the allocation of dividends during the vesting period. It ensures that dividends are distributed only to the vested portion of the shares, with provisions in place to handle invested shares or share forfeitures. Note: The existence and availability of these specific types of agreements may vary based on the specific requirements and circumstances of the Alameda California close corporation and its shareholders. It is essential to consult legal professionals to tailor the agreement according to the corporation's unique needs.
Alameda California Shareholders' Agreement with Special Allocation of Dividends among Shareholders in a Close Corporation is a legal document that outlines the specific terms and conditions regarding the distribution of dividends among shareholders in a close corporation based in Alameda, California. This agreement is crucial for setting guidelines and promoting transparency in terms of dividend allocation, ensuring the fair distribution of profits among shareholders. Keywords: Alameda California, Shareholders' Agreement, Special Allocation, Dividends, Close Corporation, Shareholders, Distribution, Profits, Guidelines, Transparency. Different Types of Alameda California Shareholders' Agreement with Special Allocation of Dividends among Shareholders in a Close Corporation: 1. Standard Shareholders' Agreement: This type of agreement establishes the general terms and conditions for the allocation of dividends among shareholders in a close corporation in Alameda, California. It may include provisions regarding the percentage of profits to be distributed, the method of calculation, and the frequency of dividend payments. 2. Preferred Shareholders' Agreement: In cases where a close corporation has preferred shareholders, this agreement specifies the special allocation of dividends. Preferred shareholders typically have the right to receive a certain fixed dividend amount before the distribution of profits to other shareholders, and this agreement outlines the terms and conditions of such allocations. 3. Proportional Shareholders' Agreement: This type of agreement establishes a proportional allocation of dividends based on the percentage of ownership each shareholder holds in the close corporation. It ensures that dividends are distributed in direct relation to the shareholder's ownership stake, promoting fairness and equity among shareholders. 4. Performance-based Shareholders' Agreement: This agreement applies when the dividend distribution is based on specific performance metrics of the close corporation. It outlines the criteria, targets, and formula to be used in determining the allocation of dividends, often incentivizing shareholders to actively contribute to the company's growth and success. 5. Vesting Shareholders' Agreement: If certain shareholders' ownership interests are subject to vesting over time, this agreement defines the allocation of dividends during the vesting period. It ensures that dividends are distributed only to the vested portion of the shares, with provisions in place to handle invested shares or share forfeitures. Note: The existence and availability of these specific types of agreements may vary based on the specific requirements and circumstances of the Alameda California close corporation and its shareholders. It is essential to consult legal professionals to tailor the agreement according to the corporation's unique needs.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.