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In this video, Matthew guides viewers on creating a shareholder agreement using legal templates. He starts by directing viewers to a link provided in the description, which leads to various business forms, including over 110 options. Matthew demonstrates how to search for and select the "shareholder agreement" template. He chooses Texas as the state and proceeds to fill out the necessary company information, such as the name and address. Matthew also emphasizes entering details about the company representative, including their title, and the shareholders along with the number of shares, mentioning that additional shareholders can easily be added.