Business Divorce Blog: Recent Blog Entries
When Duty Calls – What It Means to Owe Fiduciary Duties In Managing, Directing or Controlling a Private Company
Whether you are a company founder, a corporate officer or director, general or limited partner or simply an investor, if you are involved in a private company, it pays to understand the basics of fiduciary duties. The phrase “fiduciary duty” may conjure up images of a dusty, wood-paneled trust and estates department, but it is a critical element in the healthy functioning of a private company.
Paying the Piper– Under Texas Law, Who Foots the Bill For Shareholder’s Legal Fees In Private Company Litigation?
Who pays the legal fees of private company shareholders when they battle each other in court, often in a fight for control of the business? This is a key question, because the high cost of legal fees is critical, particularly in litigation among shareholders in private, closely-held Texas companies.
Texas Supreme Court Issues New Opinion Upholding Right of Minority Shareholders to Bring Claims in Derivative Lawsuits
In June 2014, the Texas Supreme Court issued a long-awaited decision impacting the rights of private company shareholders in Texas. See Ritchie v. Rupe.
Shareholder Deadlock Part 2- Contract Terms To Consider (Including Buy/Sell Provisions) To Resolve Future Conflicts