Questions about shareholder agreement
drafting a shareholder agreement from lawdepot.ca... have the following questions..
For a private small startup company, what is the common number of shares I should issue? 1 million with each share worth 0.001? or 0.1 million each worth 0.0.1?
Also, should I leave a certain amount of shares in a pool? what is the purpose of having a share pool? to give to future shareholders? what is its advantages and disadvantages?
Is it OK that the shareholders are also directors and officers?
For dividends, what is the general rule? e.g. pay shareholder 100% of the dividends or only a portion? I am thinking 50% dividends and leave another 50% for company growth? Or 25% to shareholders and 75% for growth? what is the usually portion?