Sometimes the best way to avoid a business dispute is to make sure that your company has disclosures and contracts set up in advance that outline the steps that will take place when this type of situation presents itself.
Talk with a business lawyer who will be able to review your existing business contracts and help you change them, or create and establish new contracts that will help deal with future shareholder disputes and issues. When this type of situation is talked about and spelled out in contracts, lengthy legal battles and expensive business disputes can be avoided.
When the majority shareholder wants to part ways with a minority shareholder, it has to be dealt with according to the contract in a fair and honest manner, or else the minority shareholder may try to sue for breach of fiduciary duty.
In order to protect yourself from time consuming and expensive legal battles, protect your business ahead of time by talking with a knowledgeable Texas business attorney. You can speak with a Texas business litigation lawyer in a free, no-obligation legal consultation at the Voss Law Firm at (866) 276-6179 today.
You can also request a complimentary copy of attorney Bill Voss’s book: Business Disputes – Critical Information for All Business Owners. Download this book for free today.