Resolving Problems Within Closely Held Business Entities
The corporate litigation attorneys of Grumer & Macaluso, P.A., advise investors in closely held companies of all kinds about the most effective ways to resolve disputes, enforce rights under shareholder or partnership agreements, or deal with situations that are not addressed in bylaws, operating agreements or other basic organizational instruments. Contact us in Fort Lauderdale for dependable and practical advice about the best ways to protect your interests.
Florida statutes provide the starting point for an analysis of the rights and responsibilities of shareholders, partners or members of a limited liability company (LLC). The specific rights and duties within equity groups vary according to the particular form of the enterprise, and so do the procedures used to effectuate or enforce them. Corporations, partnerships and LLCs also can vary the default provisions of Florida law through bylaws, general agreements tailored to the business entity form, and specific agreements that anticipate and address the kinds of situations that the investors might need to resolve.
Not every dispute that actually arises is addressed in the provisions of a shareholder agreement or option rights. In our experience, litigation between shareholders or partners is an option to consider when a troubled business needs to change its management or core business model, replace departing principals with new investors, or deal with financing problems related to capital or operational needs.
In some situations, one or more shareholders or partners is found to have defaulted on capital commitments or is neglecting the business. Sometimes a member of the group acts without authorization, violates standing agreements or engages in self-dealing or undisclosed conflicts of interest. An especially delicate point of equity group relationships comes up when a member leaves and wants to take business or business assets on the way out.
Florida Partnership Dispute Attorneys: Call 888-587-5549
Our lawyers' experience with the resolution of the legal and practical problems that go along with strained or destroyed relationships within closely held business groups can help you find an effective and comprehensive solution to your problems. Contact Grumer & Macaluso in Fort Lauderdale to learn about the best approaches for your situation.
