Ontario shareholders’
term sheet builder.
Work through the decisions that matter before you pay to put them into a formal agreement. Build a shareholders’ or cofounder discussion term sheet as you answer.
This tool helps you have the conversation. It does not create a contract or give legal advice. Your answers are held only in this page’s memory; refreshing or closing it clears them.
Step 1 of 8
View term sheet ↓Starting options are editable proposals, not recommendations. Leave undecided questions as “To be discussed.”
Ready for the real agreement?
Send this term sheet for a flat-fee shareholders’ agreement draft.
Flat fee quoted before work.
Opening an email does not send it. Review the message and attach your term sheet before sending. An inquiry does not create a solicitor-client relationship.
A few questions before you start
Is a term sheet the same as a shareholders’ agreement?
No. This builder records proposed deal points and open questions for discussion. Its output is expressly non-binding. A formal shareholders’ agreement sets out enforceable rights and obligations, with the definitions, procedures, and supporting documents your business needs. Other term sheets can contain binding provisions, so do not assume every document called a term sheet has the same status.
Is a shareholders’ agreement required in Ontario?
There is no general requirement to have a shareholders’ agreement just to operate an Ontario corporation. But incorporation alone does not settle how owners will handle departures, share sales, or disagreements. An agreement can address those issues. Existing contracts or financing arrangements may also require one.
Do two 50/50 owners need a shareholders’ agreement?
Equal ownership deserves a clear plan for disagreement. If each owner holds half the votes, neither can carry a majority vote alone. Discuss authority, departures, and a business-deadlock breaker while you can still agree. Mediation can help people negotiate; it does not by itself decide what the business should do if neither owner changes position.
Is this legal advice?
No. This is general information and a discussion aid. It does not assess your circumstances, create a solicitor-client relationship, or produce a contract. Have a lawyer prepare the formal shareholders’ agreement and advise on the corporate, tax, and employment issues.
Further reading: Ontario Business Corporations Act and Corporations Canada’s guide to shares and shareholder agreements.
About this tool — please read
General information only, not legal advice. Using this tool does not create a solicitor-client relationship with Kleiman Law. The output reflects the answers entered and may leave important issues unresolved. Have a lawyer prepare the formal shareholders’ agreement and any related documents.
Answers are processed locally and are not sent to or stored by Kleiman Law by this builder. Downloads stay on your device. If you choose to email or submit a consultation request, the information you include leaves your device. The website may use ordinary page-visit analytics; interview answers are not included.