Business & Commercial Litigation Archives

Expelling LLC members who breach their fiduciary duties

Within a limited liability company, it is not uncommon for disputes to arise among LLC members. Many of these disputes are the result of an LLC member breaching his or her fiduciary duty. When a member does not act in the best interests of the LLC, the effects can be damaging to the company.

Removing Shareholders in Closely-Held Corporations

A breach of fiduciary duty by a shareholder in a closely-held corporation can have significant repercussions - financial, business-related, and otherwise. Often times these shareholders are also officers or directors, so their breach can have significant impact on the company. In some cases, another shareholder or even the company can seek to remove that shareholder from the company.

Minority Shareholders Have Rights: An Overview Of Minority Shareholder Oppression

Disputes among shareholders in a corporation can be very problematic, costing a lot of money and disrupting operations. When shareholder disputes are among majority and minority shareholders, they can be especially difficult, due to an imbalance of power and decision making capabilities.

Litigation can prove disruptive to small business. Mitigate your risk.

From the moment a business owner sets up an LLC or other legal entity to structure the company, he or she is acutely aware of the potential for lawsuits. Whether or not the risk for legal troubles is high, the possibility is in the back of most business owners' minds.

Tips for dealing with a bad business partner

In the formation and launching days of a business, owners spend a significant amount of time and thought strategically selecting business partners who will contribute to the growth of the business. If, as time progresses, that partner ends up doing more harm than good and is no longer acting in the best interests of the business, you may become interested in removing that individual from the partnership.

The importance of asking the right questions during business formation

One of the most critical - and often overlooked - steps in starting a company is asking the right questions while selecting an appropriate business formation or entity structure that will keep the venture secure and allow for scalability through the future.

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