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00:04
we’ve seen a lot of shareholder disputes
00:06
that have
00:07
grown out of
00:09
a cl in the closely held context
00:12
family relationships that have
00:14
deteriorated to the point of one side
00:16
accusing the other of stealing money or
00:18
mismanaging the company or overpaying
00:21
themselves it’s unfortunate that
00:25
in within the family contacts
00:27
once you go into business
00:29
in that relationship you’re hoping that
00:31
it’s going to be a long lasting
00:32
relationship and
00:34
if it’s the parent you’re leaving that
00:36
that business to your child but that the
00:38
relationship has deteriorated to such a
00:40
point that the parties are making such
00:42
accusations against each other but it
00:45
seems that those types of shareholder
00:47
disputes are really on the rise and i
00:49
think that goes back to
00:51
how to properly set up your business and
00:53
make sure that the expectations are
00:55
clear and their roles are clear so you
00:58
don’t hopefully find yourself in the
00:59
position
01:00
of needing to call someone like us who
01:02
is experiencing handling such
01:05
shareholder disputes
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Oakdale, MN commercial litigation attorney Brandon Schwartz discusses the types of shareholder disputes he sees in his practice.