Business professionals as well as family members enter into business ventures on a regular basis. At the businesses’ creation, partners typically enter into shareholder or partnership agreements regarding buy-ins, buy-outs, operations, finance, and other relevant matters. At inception, the parties involved only have one goal in mind: working hard to ensure growth for their business.
However, as time goes by and challenges begin to strain the business, one of the biggest threats to the stability of a business is disagreements within management and/or among shareholders. These disputes can be costly in many ways, including those far more important than the immediate financial health of the business, and can emerge in a variety of contexts, including:
- Breach of fiduciary duty
- Shareholder disputes against owners
- Shareholder disputes against managers
- Minority owner rights
- Corporate deadlock disputes
- Executive compensation
- Buyout agreements
- Buyout rights
- Shareholder appraisal rights
These disputes can lead to demoralization within the organization, stifled growth, and waste of company assets. Simply put, these internal disputes, whether trivial or substantial, can inhibit a business from reaching its full potential. Draining litigation can take its toll on the company- both financially and emotionally. Worst case, prolonged court battles can drain a company of all of its assets and render it insolvent.
Do not allow an internal dispute among partners or shareholders to wrongfully deprive you of all of your investments in the company you’ve worked so hard to build. Allow an experienced attorney at the Trembly Law Firm to protect your rights, and assist you in settling your shareholder or partnership dispute in a way that fits your needs.