SHAREHOLDER DISPUTES ATTORNEY IN ELIZABETHTOWN, KENTUCKY
According to a recent Economy and Personal Finance survey by Gallup, about 61% of U.S. adults (158 million adults) own stocks in U.S. corporations and companies. Regardless of the number of stocks you own, you retain certain rights as a shareholder within the company. However, shareholder disputes often arise when one or more shareholders feel their rights have been infringed upon. Such disputes may result from a breach of contract, disagreements over the company's direction, fiduciary misdeeds, unfair compensation, or lack of respect for shareholders.
If you're involved in a shareholder dispute, it is important to consult with a knowledgeable Kentucky business law attorney for reliable advocacy and to help protect your rights. At Caleb Bland Law, PLLC, our attorney has devoted his career to offering experienced legal services and resolving disputes between shareholders and businesses. Our dedicated legal team can outline an effective legal strategy to resolve the shareholder dispute amicably and help protect your best interests.
Caleb Bland Law, PLLC proudly serves clients across Elizabethtown, Kentucky, and the surrounding areas of Radcliff, Shepherdsville, Louisville, Shepherdsville, Jefferson County, and Nelson County.
Shareholder Rights in Alabama
A shareholder can be described as a person with an interest (share) in an organization, business, company, or corporation. Here are some rights of shareholders in Kentucky:
The right to inspect corporate books, financial records, and other vital information upon a written request.
The right to vote during the election of the company's directors and during mergers and acquisitions.
The right to transfer their ownership by trading shares through the stock exchange market.
The right to receive dividends out of the profit made by the company.
In the event of bankruptcy, liquidation, or business lawsuit against the company, shareholders are liable for the amount invested in the organization through their share of ownership.
The right to make a claim on the company's assets during liquidation.
The right to sue the owners of the company or board of directors for wrongful acts.
Essentially, the owners or directors of the business must respect the rights of all shareholders. If the shareholder's rights are infringed upon, it may result in shareholder disputes. A practiced attorney can enlighten you about some of the common causes of shareholder disputes and possible ways to settle them.
Common Causes of Shareholder Disputes
Shareholder disputes often occur when shareholders' rights are infringed upon or violated. Some common causes of shareholder disputes include:
Breach of shareholder agreement
Differences of opinion about the organization's direction
Breach of fiduciary duty
Infringing on the rights of minority shareholders by the majority shareholders
Board miscommunication with shareholders
Changing the company's constitution without consulting shareholders
Unfair compensation between minority and majority shareholders
Conflict of interest allegations
Failure to keep shareholders updated about the company's financial records
Inequities in compensation or contribution
Issues about mergers and acquisitions
Lack of respect for minority shareholders
If you're involved in a shareholder dispute, you need to reach out to a knowledgeable business dispute lawyer right away. Your attorney can investigate what caused the shareholder dispute and educate you about your available dispute resolution options.
Options for Resolving the Dispute
Unresolved shareholder disputes may result in financial losses, legal complications, and disruption of business operations. Here are some possible ways to resolve disputes between shareholders and the owners or directors of the business:
An experienced Kentucky shareholder disputes attorney can enlighten you about your different dispute resolution options and help you decide the best way to settle the disagreements.
Work With a Skilled Business Law Attorney
Disputes between shareholders and the owners of the company can be tense and uncomfortable situations for every party involved. However, understanding the reasons for the dispute and employing various dispute-resolution techniques can help businesses avoid costly and time-consuming legal battles or harm to the organization. Therefore, when involved in a shareholder dispute, you need to retain a skilled business law attorney for detailed guidance and to protect your interests.
At Caleb Bland Law, PLLC, we're poised and ready to assist and guide clients through the complex procedures involved in settling shareholder disputes. As your legal counsel, we can review your case details and enlighten you about your available dispute resolution options. In addition, we will review the shareholder's agreement and the company's constitution and determine the best course of action. Our reliable lawyers will represent you intelligently at every phase of the legal process and help you achieve a favorable, peaceful, and quick resolution.
Shareholder Disputes Attorney in Elizabethtown, Kentucky
If you're involved in a shareholder dispute, contact us at Caleb Bland Law, PLLC today to schedule a simple case assessment. Our reliable team can offer you the comprehensive guidance and advocacy you need to resolve your shareholder disputes and move forward. We're proud to serve clients across Elizabethtown, Radcliff, Shepherdsville, Louisville, Shepherdsville, Jefferson County, and Nelson County, Kentucky.