Free application for shares templates

How to write your own application for shares. Plus, where to find free templates you can download to help you craft your agreement.

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If your business is planning to buy shares in another company, you'll have to fill out an application for shares and apply to the Board of Directors formally.

Read on to learn what you need to know to craft your own application for shares document, plus, where you can download free templates online.

What is an application for shares?

An application for shares is a legal document by an entity requesting an allotment of shares. It is written for the shareholders and is the first step in applying for an allotment of company shares.

When this application is signed, the entity agrees to bind by the constitution of the company. The application also acts as a record for the members' registry and will detail information of the new shareholding member and the allotment of shares.

application for shares template from Lawpath

Download this template at Lawpath

Application for shares vs Application by individual for allotment of shares

These two documents are almost identical except that one clearly states it's for an individual application and not another entity or company.

What does an application for shares include?

An application for shares can be a straightforward document that typically includes:

  • Title: Application for Shares
  • Name of the company in question
  • Name and address of entity applying for shares
  • Details of shares and sale price
  • Constitution of the company clause
  • Date
  • Signature
  • Name and address of signee.

The application for shares must also contain a record-keeping component for the shareholders' registry that includes:

  • Agreement of issue: details of issued shares
  • Date of resolution: date the members agreed to the allotment of shares
  • Entered in Register of Members: company name and date
  • Issued share certificate number.

How effective is an application for shares?

An application for shares document is part of a standard protocol and must be used in order for an application to be considered by a company's Board of Directors.

Do I need to engage a lawyer?

You may not need a lawyer to draft up an application for shares. It can be a straightforward, one-page document. That said, you may well want to get a lawyer to read a draft version for peace of mind that what you're including is watertight from a legal point of view. Read about some of your options on legal advice.

Data indicated here is updated regularly
Name Product What's offered? Starting price to become a member Annual Fee from Any free legal documents?
Lawpath
Legal documents and templates, Access to lawyers, Legal guides, Legal advice
$79 per month (billed monthly)
Essentials: $288
You can view samples for free and you can create your first document for free.
Choose an annual plan from just $288 and get unlimited revisions to your legal or business documents. Plus, unlock exclusive partner offers.
LawDepot
Legal documents and templates, Access to lawyers, Legal guides, Legal advice
$7.99 per month (prepaid for one year)
$59.88
You can view samples for free and you can create your first document for free.
Get free legal documents in five to ten minutes.
Sprintlaw
Legal documents and templates, Access to lawyers, Legal guides, Legal advice
$699 (or choose a free template)
$699
Some documents are free to download. Get access to all documents with a membership.
Pick between a fixed-fee package from $99 and a 12-month plan that unlocks a host of membership benefits for $699.
Legal123
Legal123
Legal documents and templates, Access to lawyers, Legal guides, Legal advice
Varies per template
N/A
No
Get legal templates for any business type in Australia.
LegalVision
Legal documents and templates, Access to lawyers, Legal guides, Legal advice
$199 per month (bill monthly)
N/A
Some documents are free to download. Get access to all documents with a membership.
Your business can take advantage of unlimited lawyer consultations, fast turnaround times and free legal templates with LegalVision.
Law Central
Law Central
Legal documents and templates, Legal guides, Legal advice
Free for the Silver membership
Gold: $99
You can view samples and create your own document for free with the Silver membership.
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How do I write an application for shares?

If you download a template that contains the accepted legal language and follows a standard format, it can take only a few minutes to customise it to suit your purpose.

A quick search online will give you many legal resources to choose from. Most of these websites carry a wide range of documents and contracts. You can choose from a one-time fee to download or set up an account and enjoy free downloads. Take a look at some of these:

  • Lawpath. Lawpath is an online legal resource for small businesses and entrepreneurs. You can view samples of legal document templates for free, but a fee is required for access to downloads and customisable options.
  • LawLive. LawLive houses a large library of e-documents that you fill out and download. Registration is required and there is a one-time fee for downloads.
  • LegalVision. For a monthly membership to LegalVision of $199, you'll get unlimited access to free downloads of legal document templates.
  • Law Central. Law Central is a hub of information in law and business. It offers a 3-tiered membership plan, as well as one-time fee downloads.

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