If you suffer from shareholder oppression in Nassau County NY, New York City, New York County NY, Raleigh NC or Suffolk County NY, the Biz Value can help. They provide financial forensic services and their findings are suitable for use in a court of law. They can also help with things such as shareholders agreements, articles of association and memorandum of incorporation and more.
Small and medium private companies are controlled by majority shareholders. This is often the case where a family or small group of individuals own a company or business. In most cases the majority shareholders also run and manage the daily business activities. Minority shareholders in these close held corporations often have limited say when it comes to daily operations. They also cannot elect officers or directors and are subject to the will and decisions of the majority. In some cases this can result in shareholder oppression.
In close-knit business environment there is an increased possibility of interpersonal conflict and shareholder oppression. When thing don’t go as planned, the situation often becomes one of conflict and dispute. A shareholder might die, the business might lose money, an investment can go bad and so on. When a minority shareholder lacks contractual rights and voting power, he or she may not have control over how disputes are resolved. Since there is an absence of a market in which to easily sell shares, they are captive to the decisions and actions of the majority.
However there are ways and tactics that minority shareholders can use to help protect their interests and reduce the risk of shareholder oppression. These include contractual documents such as shareholder agreements that contain buy and sell as well as first refusal provisions.
Biz Value can help you reduce the risk of shareholder oppression in Nassau County NY, New York City, New York County NY, Raleigh NC or Suffolk County NY.