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In this video tutorial, Matthew guides viewers on creating a shareholder agreement using legal templates available through a link provided in the video description. He shows how to access the business forms section, search for a shareholder agreement form, and customize it for their company by providing company information, representative details, and shareholder information. The process involves selecting a state (in this case, Texas) and filling out the necessary fields, such as company name, address, and number of shares for each shareholder. Multiple shareholders can be added as needed.