Disputes between shareholders distract the focus of a business and it’s owners and managers. Today’s business environment is more challenging, competitive, and demanding that at any time in history. The profitable operation and growth of a company require the entire focus and attention of its owners and managers. When disputes arise between shareholders or members the company can lose focus and momentum, resulting in reduced profits and in some cases business failure.
The experienced San Diego business attorneys at the Watkins Firm have served corporations and privately held companies for decades. We understand the pressures of running a business, and the issues that arise in the relationships or local business professionals. Shareholder disputes and arguments between corporate executives and/or the Board of directors are costly to any organization. Many business people are surprised to learn that the likelihood of disputes actually increases as a business thrives and the money rolls in. How do you reduce the probability of litigation when disputes between shareholders distract the focus of a business while preventing expensive and distracting business litigation?
The key is the development and continuous update of sound operating agreements and shareholders agreements, as well as corporate bylaws. These critical business documents should be well crafted to anticipate every possible business or personal challenge, while providing specific strategies and contingency plans for handling them should they arise. These agreements specify the roles and responsibilities of each member or shareholder, as well as how income and profit will be handled at each point of your company’s life.
Disputes between shareholders distract the focus of a business or corporation. We invite you to review the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today. We work with clients to create, update, or amend shareholder agreements, bylaws and corporate documents to ensure smooth business operations, and to reduce the opportunity for and likelihood of expensive and distracting business litigation.
