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[Music] welcome to this brief overview of shareholder agreements for companies many small businesses start from an idea someone has they look for like-minded people to help them develop that idea or perhaps a twist of fate means that you find yourself running a business and suddenly you are a business owner with several business partners how do you make decisions and what do you do if there is a disagreement or someone wants out for limited companies when it comes to making decisions company law states shareholders who own more than 50 can pass a motion at a company meeting regardless of the views of other shareholders and if shareholders own more than 75 of the shares they control the company outright and can veto the decisions of all other shareholders this may not suit all business situations especially where you have two or more founders holding equal share capital or a group of owners with varying amounts of capital some of whom are directors and some who are not but who are all