You took an ownership stake in a Minnesota company, expecting a voice in how the business runs and a fair share of what it earns. Now your majority partner has cut you out of meetings, ended your salary or stopped distributions while their own income keeps flowing....
In Minnesota, minority owners in a business have strong legal rights. These rights protect them from unfair treatment by the people who own most of the company. The law usually protects these small-scale owners from unfair treatment. However, there are rare times when...
A breach of fiduciary duty is what happens when a business leader breaks their legal promise to act in the best interests of the company, typically by prioritizing their own. This often comes at the expense of the company. When business leaders abuse their position of...
Family businesses are wonderful additions to communities because they create jobs for many. From the inside, the owners keep money within members and the decision-making close to home. However, close relationships are prone to legal tension when owners disagree about...
Schwartz Law Firm recently secured a highly favorable ruling in a complex shareholder appraisal dispute following a statutory merger for its Iowa based client (plaintiff). The case centered on the fair value of a minority shareholder’s stake in a closely held...
Majority owners hold significant control in a business, but that control comes with responsibility. When they use their power to benefit themselves at the expense of other owners or the company, courts may view that as self-dealing. Understanding what self-dealing...
If you are a minority shareholder in a Minnesota company, being excluded from decisions or denied profits may be more than unfair—it could be grounds for a legal claim. Shareholder oppression occurs when majority owners use their control to reduce your influence or...
Shareholders typically invest in businesses as a way of turning their capital into ongoing revenue and/or because they truly believe in the business’s purpose. Successful business investments allow shareholders to receive dividend payments and influence how the...
In 2022 I am moving to video, check them out below, scroll down for new content! Thanks to all who read in 2021 and, as always, call us if you need any further assistance or information. Brandon M. Schwartz
During this time of thanks, we are especially thankful for the trust our clients place in us to handle their difficult cases and to serve them with passion. We wish you and yours a relaxing Thanksgiving. The material contained herein is provided for informational purposes only and is not legal advice, nor is it a substitute for obtaining legal advice…