Shareholders and Business Partners Rights and Regulations

Conflicts often arise when business decisions are shared by multiple people. These may be business partners or shareholders. It is important to understand how best to proceed when these conflicts arise and what legal options are open to everyone.

Importance of Shareholder Agreements

When a company has shareholders, there are often many things that must be accomplished early on rather than waiting until something occurs. This may be documentation, contracts, contractual agreements that have been analyzed by all parties or signed documents for operations or about the duties of shareholders.
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Removing a Shareholder from a Business or Corporation

When a corporation wishes to remove a shareholder from a business, there are several particular steps that they must follow. These steps are determined by the nature of the relationship between the business and the shareholder and the corporate documents.
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Shareholder Rights Against a Director

Some directors in a company start actions that are in opposition of what shareholders want. These decisions may take the business in a direction that is not what may be considered best for transactions, the value of the organization and to accrue revenue.
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Benefits and Concerns of Partnering in Business with Your Spouse

The vast majority of businesses in the United States are family-owned or controlled. This means that many people are in business with a relative, often a spouse. Being business partners with a spouse can cause many advantages as well as disadvantages. It is important to carefully weigh a number of factors before launching a business with a spouse.
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Business Partnerships - Legal Options When Problems Arise

Problems in partnerships can stall negotiations with products, pricing, services and several processes within the company to the point there is a standstill which could cause further issues with revenue. When these problems do arise, it is important to know how best to proceed and what legal options are available to everyone.
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Adding a Member to Your LLC

When the current owner or co-owners in a limited liability company have considered adding a new person, there are various factors to consider. Adding a new member is often more complicated than it first appears, and it is important that all the necessary paperwork, contracts and information are cleared before he or she becomes a member of the LLC.
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Important Things to Know when Serving on a Board of Directors

Serving on the board of directors for a company is usually filled with responsibility, tasks and decisions to make with the other board members. This means it is vital to know everything possible about the position, what it takes to remain on the board and how to grow personally and financially in the position.
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Legal Reasons Why a 50/50 Partnership Split Should Be Avoided

Partnerships are complicated relationships that often cause conflict without contracts and agreements explaining obligations and responsibilities. When the partner or multiple partners are all equal in the business, any type of dissolution of the association often leads to severe difficulty for everyone involved.
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Legal Mistakes Affecting Business Partnerships

Business partnerships can be a favorable way to launch a business by combining a shared vision of the business, complimentary skills and capital from multiple sources. However, many business partnerships end on bad terms. In many cases, this is due to the business partners failing to plan or making preventable mistakes.
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What Rights Do I Have as a Shareholder Against the Directors and Officers of a Corporation?

Shareholders in a corporation have rights just as any other member of the company does. It is important to understand what rights are afforded, how they may be used when needed against directors and officers and what is necessary to ensure these rights are protected.
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Divorcing Your Business Partner in a Family Business

When the partners of a family business are two spouses, divorcing the business partner is often also divorcing the spouse simultaneously. This scenario can lead to double the legal complications and severe implications for the future of the company. An experienced business lawyer can help.
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Offering Stock in your Business to Friends and Family May Cause Problems

When someone who owns a business wants to get his or her family and friends involved, this should usually not include stock, interest or shares in the company. This could cause complications. However, there are some instances where this is heard of and standard such as friends and family shares.
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Watch Out for These Pitfalls of Minority Ownership

Many individuals dream of owning a business during some point in their life. Some invest a small percentage into a business while leaving themselves available for other investments or full-time employment. When there are owners with a larger interest than these individuals, it is important that minority owners understand their rights and their limitations.
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How Do You Recall One or More Board Members?

Your association is 30 years old. The common areas are in disrepair. The sidewalks are cracked. The play equipment on the playground is broken. The swimming pool cannot be used because the filtration system is inoperable. You request the board of directors to take action to improve the common area.
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