Articles Tagged with Law Attorney

Disputes among shareholders happen for a wide variety of reasons and if not properly addressed, can result in serious financial and legal problems.  In general, the specific rights and responsibilities of shareholders vary according to the particular corporate form as well as the procedures used in implementing and enforcing them.  Corporations, partnerships and other business entities also can alter the default provisions of Florida law through drafting bylaws and agreements tailored to the form of the business entity, and develop other agreements that specifically anticipate and address the kinds of situations that shareholders might need to resolve.Regardless of the preventative measures that businesses can implement to avoid shareholder disputes, there is no foolproof way to prevent these types of issues.  Typically, both minority and majority shareholders tend to raise disputes over the following:

• Decisions made by owners or managers of the company
• The alleged breach of fiduciary duties by corporate officers and owners due to disloyalty, self-dealing, or not acting in the best interests of the company