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In this video, Matthew guides viewers on creating a shareholder agreement using legal templates. He provides a link to access the necessary forms and demonstrates how to navigate to the business forms section, where over 110 templates are available. He uses the search function to locate the shareholder agreement and selects Texas as the state for the document. Matthew walks through the required information, including the company name, address, representative details, and number of shareholders. He emphasizes the ability to add multiple shareholders and their respective shares during the document creation process.