Shareholders Agreement For Startups

Entry Level Shareholders Agreement for Startups and New Business Partnerships

Protect your vision, secure investor trust and keep founders aligned with a watertight shareholders agreement for startups.

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  • Advocates & Solicitors
  • Offices in Kuala Lumpur & Johor Bahru
  • Confidential, no obligation
Ahmad Solehin Abd Ghani, PartnerNur Khalis Johar Amin, PartnerNur Amira Syahira, Senior AssociateSiti Zubaidah Jemadi, Senior AssociateSiti Sarah Sarif, Senior AssociateMadihah Hisham, AssociateNur Afiqah Qasrina, AssociateKritigeswari P. Ramesh, AssociateHafiz Azhari Zamree, AssociateNur Ashsyifa' Aqila, Trainee Associate

Real lawyers, one team behind every matter

Who this is for

Sound familiar?

01

A founder raising your first round and needing investor-ready documents.

02

A co-founder wanting clarity on roles, equity and decision rights.

03

A startup team preparing for rapid scaling and outside investment.

04

An investor seeking confidence your founders are aligned.

05

A business owner facing internal disputes that risk killing growth.

What's at stake

What is really at stake

  1. 01
    Imagine building your startup, only to watch it unravel when co-founders clash, investors demand control or silent partners block progress.Sleepless nights follow as equity disputes drain your energy and threaten everything you worked for. Without a clear agreement, chaos rules.

In plain words

Shareholders Agreement For Startups

A shareholders agreement defines founder rights, investor protections and decision-making rules so your startup can grow without disputes.

What good looks like

Every founder dreams of scaling fast, attracting capital and staying in control. But without a shareholders agreement, that dream is blocked by uncertainty, power struggles and deal-breaking conflicts. Legal That Works builds the clarity and trust you need to unlock growth.

What you get

What we deliver

Scope and fee are agreed in writing before any work starts, so you know exactly what you are getting.

  1. 01

    Discovery Business and Objective

  2. 02

    Term Sheet

  3. 03

    Shareholders Agreement

  4. 04

    Basic Company Constitution Guide

  5. 05

    Briefing

How we work

Clear from the first conversation

  1. 1

    Send a short request

    Tell us what the matter is about. It takes under a minute and stays confidential.

  2. 2

    Akmal sets a time with you

    We reply within 30 minutes in office hours to arrange your consultation, online or at our KL or JB office.

  3. 3

    Advice, then a written proposal

    You get a clear view of the issues and options, then a written scope and fee proposal.

  4. 4

    Work begins on the agreed scope

    Akmal leads the matter with a team of our lawyers, working to the scope you approved. You get regular updates at every key step.

Scope and fee in writingAgreed before any work starts. No open-ended billing surprises.
Online where it suits youMost work is done online. We meet in person when the law requires it.
Fast, direct repliesWithin 30 minutes during office hours, Mon–Fri 8:30am–5:30pm.

Who leads your matter

Led by Akmal Saufi, supported by our team

Akmal leads your matter as Partner. Depending on the work, other lawyers in our team handle parts of it day to day, with Akmal overseeing the matter.

Akmal Saufi

Akmal Saufi

Partner, Messrs Akmal Saufi & Co

  • Advocate & Solicitor, Malaysia
  • Over 13 years in transactional work: M&A, joint ventures, land and infrastructure
  • LLB (Hons), International Islamic University Malaysia

The team behind your matter

Meet the team →
Ahmad Solehin Abd Ghani, Partner
Ahmad Solehin Abd GhaniPartner
Nur Khalis Johar Amin, Partner
Nur Khalis Johar AminPartner
Nur Amira Syahira, Senior Associate
Nur Amira SyahiraSenior Associate
Siti Zubaidah Jemadi, Senior Associate
Siti Zubaidah JemadiSenior Associate
Siti Sarah Sarif, Senior Associate
Siti Sarah SarifSenior Associate
Madihah Hisham, Associate
Madihah HishamAssociate
Nur Afiqah Qasrina, Associate
Nur Afiqah QasrinaAssociate
Kritigeswari P. Ramesh, Associate
Kritigeswari P. RameshAssociate
Hafiz Azhari Zamree, Associate
Hafiz Azhari ZamreeAssociate
Nur Ashsyifa' Aqila, Trainee Associate
Nur Ashsyifa' AqilaTrainee Associate

Who we have acted for

Organisations we have acted for

Federal government agencies & statutory bodies

Johor state bodies & local authorities

Government-linked companies

Private sector & NGOs

Shown with permission. Government agencies, statutory bodies and government-linked companies are identified as such. Their inclusion does not imply endorsement by any government, ministry or agency.

Next step

Request a consultation with Akmal

  1. 1Send a short request. It takes under a minute.
  2. 2Akmal reviews it and arranges a time with you.
  3. 3You get clear advice, then a written scope and fee proposal.

We reply within 30 minutes · Mon–Fri, 8:30am–5:30pm

Your details stay confidential. Sending a request does not mean you have appointed us.

  • Licensed advocates & solicitors
  • Professional indemnity insured
  • Offices in KL & JB

Questions

Frequently asked questions

Still unsure? Send a short request and Akmal will tell you plainly whether and how we can help.

We're just friends starting a simple business. Do we really need a formal shareholders agreement?

Friendship doesn't protect your investment when money gets involved. The closer the relationship, the messier the breakup. A shareholders agreement preserves your friendship by preventing disputes before they start.

What happens if we don’t have a shareholders agreement?

You risk deadlock, unclear exits, and exposure if a founder leaves, passes away, or sells. Without an agreement, the law decides — and it rarely favours business continuity.

What if we haven't decided on exact equity splits yet?

We'll guide you through equity allocation scenarios and help structure fair splits based on contributions, roles, and future commitments. Our process includes equity planning consultation.

What happens if one partner wants to leave the business?

Our agreements include comprehensive exit provisions covering share valuation methods, transfer restrictions, and buyout procedures. We protect remaining partners while ensuring fair treatment for departing partners.

What if partners disagree on major business decisions?

We include dispute resolution mechanisms ranging from mediation to arbitration, plus deadlock-breaking procedures. Clear decision-making authority levels prevent most conflicts from escalating.

What is Legal That Works?

Legal That Works is a business and organisation oriented legal service designed by Messrs Akmal Saufi & Co (the firm that has brought the widely known legal consumer services brand ASCOLAW). We specifically help business owners and organisation leadership to navigate Malaysia’s legal terrain to achieve their commercial goals.

What if I’m not sure what legal service I need?

No problem. Most business owners aren’t legal experts. Just reach out and we will guide you to the right service or help you understand your options, without jargon or upselling.

Who will be helping me?

Your matter is led by Akmal Saufi, Partner. Depending on the work, other advocates and solicitors in our team will handle parts of it day to day, with Akmal overseeing the matter. You will always deal with real lawyers, not chatbots or generic customer support.

Before you sign

The cost of waiting

Startups collapse every week over shareholder disputes that could have been prevented with one document. Investors will not wait while you argue. We take only a limited number of startup clients at once so we can deliver high-quality, founder-focused agreements. Act fast to secure your slot.

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We reply within 30 minutes · Mon–Fri, 8:30am–5:30pm

Legal That Works logo

Legal That Works (Messrs Akmal Saufi & Co) is a Malaysian business friendly legal services firm providing services across multiple industries and practice area fuelling business growth and ambition.

All rights reserved. © Legal That Works is a legal service by Messrs Akmal Saufi & Co (Registration No. 00020004166). 2014-2026
Regulated by the Malaysian Bar Council under the Legal Profession Act 1976.

Legal That Works logo

Legal That Works (Messrs Akmal Saufi & Co) is a Malaysian business friendly legal services firm providing services across multiple industries and practice area fuelling business growth and ambition.

All rights reserved. © Legal That Works is a legal service by Messrs Akmal Saufi & Co (Registration No. 00020004166). 2014-2026

Regulated by the Malaysian Bar Council under the Legal Profession Act 1976.

Legal That Works logo

Advocates & Solicitors in Kuala Lumpur and Johor Bahru

Legal That Works logo

Advocates & Solicitors, KL and JB