A complainant will also find it useful to sue the company (which might have deeper pockets) as well as other shareholders if necessary. You usually describe the organization of the company, the relationship between shareholders and their rights and obligations. They also include the management of the company and the distribution of shares among shareholders. A shareholders` agreement can be a way to comfort a shareholder who is not a director that another shareholder, who is also a director, will devote sufficient time to the activity. This can be very subjective and is therefore not a provision within IDSSA. If a provision requiring someone to devote their time is appropriate, we advise you to use specific legal advice to create an appropriate clause. In addition, you must indicate the level of commitment you are asking each shareholder to provide. You can determine if the time you spend working on the business has some value and can be considered a substantive obligation. The Standard Direct Shareholder Agreement (SSSA) does not cover the following: If you have a small business, the shareholders and the board of directors may be the same people….