Lay the plywood down on a large drop cloth or old sheet.
Pour the premixed shellac into a paint tray.
Dip the paint roller in the shellac, and roll it across the length of the plywood, creating a strip of shellac.
Smooth out the shellac using the ends of the paintbrush, to get rid of any air bubbles.
Roll another strip of shellac onto the plywood -- adjacent to the first strip -- and smooth it out. Repeat the rolling and smoothing until you have shellacked the entire piece of plywood. Allow the shellac to dry completely, for at least 2 hours.
Sand the plywood lightly using a fine sandpaper, about 320-grit. Avoid sanding too hard or you will ruin the shellac. Remove the dust, by wiping it off with a dry cloth.
Apply a second and third coat of shellac, leaving time for complete drying in between.
Sand the plywood lightly one more time with the sandpaper, then rub the surface to a high shine using a fine steel wool pad and small circular motions. Or you can leave the finish as is, after applying the final coat of shellac.