The Help You Need To Move Through An Impasse
While no corporation operates without challenges and obstacles, there are some disputes that can stall forward progress and affect profits. When disagreements between shareholders, managing members or partners are serious and cannot be easily remedied, enlist the help of a legal professional to avoid lasting damage to the relationship and the business.
A lawyer who is experienced in resolving partner and shareholder disputes is indispensable, especially in situations where an individual cannot properly account for money and company assets.
Skillful Assistance With A Variety Of Issues
Working with an experienced legal professional can ensure that matters are handled with the care and wisdom they require to be effectively resolved. At Saavedra-Goodwin, our team can assist with issues such as when a stakeholder:
- Self-deals to advance their own personal position or interest
- Seeks individual profit or gain over corporate profit
- Misuses conversion, perpetrates corporate theft or misallocates corporate finances and assets
Shareholders and partners have a duty to act in a manner that serves the company. When they fail to do this, issues arise that can damage a business.
Types Of Issues We Work To Resolve
With our broad-based experience and understanding of corporate operations, we can help with a variety of situations that prevent forward movement including:
Breach of fiduciary duty: When one member acts in their own financial interest, not in the interest of the corporation and this causes harm.
Breach of contract: When a stakeholder fails to follow through on guarantees or promises.
Shareholder oppression: When the decisions of majority stakeholders use their power to put minority stakeholders at a disadvantage, disregarding the fiduciary duty that is owed to those stakeholders.
Deadlock: When a unanimous decision cannot be reached or two opposing votes or views cannot be reconciled.
Derivative and direct suits: A suit brought by a shareholder when the corporation has a legitimate claim, but the board does not act (derivative). A suit brought against the corporation by a shareholder (direct).
Get The Skilled Guidance Your Business Needs To Move Forward
At Saavedra-Goodwin, we do more than just resolve partner and shareholder disputes. We work with you to ensure that your company has the tools it needs to move through a sticky situation and onto a mutually beneficial path. An outside force is often what it takes to build the bridge that leads to success. Call (954) 928-9568 to speak to a member of our team about how we can help. Or, reach out via confidential firm email, and we will be in touch.