A minority shareholder in a closely held corporation often finds themselves in a vulnerable position. Unlike a public stock, you cannot simply sell your shares on an open exchange if you feel unhappy with how the company runs. This lack of a market forms the...
Forced buyouts don’t happen just because shareholders disagree. They happen when the conflict hits a legal threshold. In Iowa, the law outlines specific situations where a court can step in and force one party out. Here’s what typically triggers that kind of...
Owning shares in a private corporation can give you a financial stake in the company, but it may not guarantee you equal influence. Minority shareholders hold fewer shares than controlling owners, which can limit their decision-making power. Even so, the law provides...
Corporate governance is how a company is managed and the rules that guide its decisions. It involves shareholders, board members, and executives. Good corporate governance makes sure that everyone works in the best interest of the company. When shareholder disputes...
Successful business owners may find that their careers put pressure on their marriages. Even when those who run businesses can balance their professional ambitions with the needs of their family members, they may still end up divorcing due to other sources of marital...
Businesses operating in the construction sector often generate significant revenue. A single project could be worth six or seven figures, especially if the client is a commercial entity rather than a residential homeowner. In most cases, construction companies do not receive payment in full when they begin work on a project. Instead, they accept a down payment and then establish…
Typically, a business co-owner’s exit from the organization is the end of disputes related to company operations. Partners establish very clear standards in a buyout scenario, often in accordance with the initial partnership agreement. Frequently, the contracts executed as part of one owner’s exit from the company include several restrictive covenants. The exiting business partner or executive is often subject…
Shareholders often play a key role in large, successful businesses. They provide financial support during the startup stage or during periods of expansion or financial hardship. Companies that take on shareholders by selling stocks grant those investors or equity owners certain rights and protections. Unfortunately, those who have sizable ownership interests or leadership roles within an organization do not always…
Business partners have to put a lot of faith in one another. They need to trust each other to follow through on their promises and to act in the best interests of the company. Business partners have a fiduciary duty to the company. That means they should put the company’s best interests ahead of their own wishes. Not everyone interested…
Schwartz Law Firm is pleased to announce that Michael and Brandon have both been recognized again by The Best Lawyers in America® for 2025! For over 40 years, Best Lawyers® has been esteemed by both legal professionals and the public as a premier benchmark for legal integrity and distinction in the United States. Consequently, being recognized by Best Lawyers® is…