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Steve Parra, a Vancouver business lawyer, discusses the importance of shareholders agreements, which are often lengthy and complex, making them challenging for clients to navigate. Typically ranging from 15 to 60 pages, these agreements can be difficult for non-practitioners to understand, leading many to procrastinate signing them, similar to avoiding a dentist visit. Despite their unappealing nature, shareholders agreements are crucial for ensuring long-term business success. Parra plans to illustrate their significance through a scenario involving a friend's experience with starting a property management company.
