Boston Shareholder Dispute Lawyer
Disagreements among shareholders can bring serious dysfunction and financial loss to a business. Not only will decision making be delayed and obstructed, but dissent, confusion, and concern will inevitably be passed down to managers and other employees. Our Boston shareholder dispute lawyers will approach your situation from every angle to determine the best way to come to a beneficial resolution. We take on cases that others are unable to, and we thrive on thinking outside the box to figure out the best strategy possible. Contact The Baez Law Firm based out of Boston today if you need assistance in this realm.
We Handle All Types of Shareholder Disputes
The Boston shareholder dispute lawyers are adept at solving many types of shareholder disputes, whether they have been going on for some time or are just now arising. We employ thoughtful strategy to our clients’ specific needs and goals, and strive to communicate effectively throughout the process so that we know exactly what the best outcome means to you. Our areas of focus include the following:
- Shareholder and owner disputes;
- Shareholder and manager disputes;
- Rights of minority owner;
- Breach of fiduciary duty and self dealing;
- Buyout disputes and agreements for shareholders or partners;
- Buyout rights;
- Executive compensation disputes;
- Enforcing operation of shareholder agreement;
- Dissolution of business; and
Acting Against the Best Interest of the Business
Shareholders typically have a legally binding duty to act in the company’s best interest. This is called fiduciary duty, and when that duty is violated or breached, serious legal action may be taken against that party. Self dealing is the process of putting one’s personal gain ahead of the business’s interest, and is a common practice among many businesses. Common types of self dealing used by a person of influence or high position, such as a shareholder or business owner, include the following, according to the Internal Revenue Service (IRS):
- Leasing property;
- Sales, exchange,
- Lending money or credit extensions;
- Providing goods, services, or facilities;
- Compensation or reimbursements;
- Transferring foundation assets or income to a disqualified person, or for the benefit of a disqualified person;
- Paying government officials; and
- Other types of misappropriation of funds;
Such actions that go against the benefit of the business are conflicts of interest, and will never be taken lightly. Depending on the types of actions taken, the party responsible may actually be prosecuted in state or federal court on top of any civil action.
Preventing Disputes From Happening in the First Place
By creating a solid shareholder agreement, you may be able to successfully avoid disputes in the future. Our law firm offers legal counsel with professional experience in creating shareholder agreements and other contracts that are vital to your business’s growth and long term success.
Contact a Boston Shareholder Dispute Lawyer Today
Serious shareholder disputes need to be addressed quickly and efficiently, otherwise the future of your business may put in serious jeopardy. We strongly urge you to reach out to an lawyer soon, so as to avoid having to settle your disputes in court, which can be a lengthy and expensive process. However, if it comes down to going to court, our lawyers are more than capable of successfully representing you and fighting for your best interests. Contact the Boston shareholder dispute lawyers with The Baez Law Firm today for immediate help with your case.