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In this video, Matthew guides viewers in creating a shareholder agreement using legal templates available through a provided link. He demonstrates how to access the business forms section and suggests utilizing the search feature to find the shareholder agreement template. After selecting Texas as the state, he shows how to fill out the document by entering the company name, address, and representative details, including titles like CEO or managing director. Matthew emphasizes entering shareholder information and the number of shares, with the option to add more shareholders as needed.