Shareholders Agreement Between Two Shareholders Ofclosely Held Corporation With Buy Sell Provisions Form
Use a Shareholders Agreement Between Two Shareholders OfClosely Held Corporation With Buy Sell Provisions template to make your document workflow more streamlined.
What this shareholder agreement does
This form records the agreement between two shareholders of a closely held corporation, including ownership arrangements, management rights, transfer restrictions, and buy-sell provisions. It helps the shareholders establish what happens if one wants to sell, dies, becomes disabled, or triggers another agreed purchase event. The form is a private corporate contract, not a state filing or tax return. Its enforceability depends on complete terms, authority to sign, applicable state law, and evidence of mutual intent.
Who uses this shareholder agreement
Shareholder owners
Two shareholders use the form to define ownership, voting rights, transfer restrictions, valuation, and buy-sell triggers for a closely held corporation.
Corporate teams
Corporate counsel and administrators coordinate review, signing order, records, and later access to the completed agreement and audit trail.
Businesses that use shareholder agreements
Closely held corporations use this agreement to document ownership rights, transfer events, and buy-sell procedures before a shareholder transition occurs.
A two-owner professional services corporation can record equal or unequal ownership, transfer restrictions, valuation mechanics, and buy-sell triggers before either shareholder signs the governing agreement. A family-owned construction corporation can coordinate succession provisions, disability or death triggers, and approval rights while keeping the signed agreement and audit trail in its corporate records. A multi-location enterprise subsidiary can standardize shareholder approvals across legal and finance teams, route signatures in order, and preserve completed agreements through signNow templates and controlled access.
These tasks are executed by both individual contributors and centralized administrators depending on organizational policy and required controls.
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Recommended agreement workflow settings
Use a controlled configuration that preserves shareholder identity, signing intent, document history, and corporate record access.
| Setting | Recommendation |
|---|---|
| Authentication method | Email verification with SMS authentication |
| Signature type | Electronic signature with signer intent |
| Audit trail | Capture timestamps, IP, and action history |
| Document retention | Retain under corporate records policy |
| Encryption | TLS 1.2/1.3 and AES-256 protection |
How to complete the shareholder agreement
Prepare the ownership and buy-sell terms first, then use signNow to route the completed agreement to both shareholders.
Upload document:
Upload the shareholder agreement. Detect fields:
Let signNow detect fillable fields. Assign signers:
Assign both shareholders’ roles. Send agreement:
Send for electronic signatures. Store evidence:
Store the signed copy and audit trail.
Inside the shareholder agreement audit trail
The audit trail documents who accessed and signed the agreement, when each action occurred, and how the completed record can be retrieved.
Authenticate signer:
Capture timestamp:
Hash document:
Seal record:
Track activity:
Export trail:
Shareholder agreement processing stages
Processing time depends on accurate ownership details, shareholder availability, and any required legal review; no statutory turnaround period is specified here.
Prepare agreement
Deliver to shareholders
Await signatures
Complete and archive
State rules and document boundaries
State-law review
Notary requirement
Excluded wills
Family-law documents
Real-estate deeds
Troubleshooting shareholder agreement workflows
Resolve plan, signing, evidence, and authentication questions before the agreement is circulated to both shareholders.
Business is signNow’s $8/user/month plan billed annually. It includes legally binding eSignatures, templates, audit trails, mobile apps, ISO 27001, SOC 2 Type II, and GDPR support. Confirm the plan’s 100 signature invites per user yearly allowance before sending repeated shareholder agreements.
Business Premium costs $15/user/month when billed annually and adds bulk send, kiosk mode, request payments, and quick invite links. Use it when the same shareholder agreement must be distributed to multiple ownership groups, while checking invite usage and overage terms.
For U.S. agreements, ESIGN and applicable state electronic-transactions law support electronic signatures when intent, consent, attribution, and record reproduction are established. signNow audit trails capture signing actions, timestamps, and IP information, helping preserve evidence without replacing state-law review.
If a shareholder cannot open the signing request, verify the email address, resend the invite, or generate a quick invite link where available. Business Premium includes quick invite links. The document remains incomplete until every assigned signature field is completed.
Enterprise costs $30/user/month billed annually and adds formula fields, conditional fields, and advanced signer authentication. Those fields can help route buy-sell terms, but corporate counsel should verify calculations and conditions before publication.
The Site License costs $1.50 per signature invite and adds SSO, full API access, phone support, and HIPAA or 21 CFR Part 11 add-ons. Choose it only after confirming volume, authentication, and regulatory requirements for the corporation.
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