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Common Shareholder Disputes

Common Shareholder Disputes

Business Law
Shareholder disputes can arise in any corporation, public or private, large or small. Sometimes, disagreements arise between the shareholders themselves or between company owners and shareholders. There can be many different issues at the heart of these disputes, but one thing is always true - it is important to resolve shareholder disputes as efficiently and effectively as possible to preserve the company’s bottom line. Common issues involved in a shareholder dispute include: The breach of the shareholder agreement Breach of fiduciary duty Disagreements about the management or direction of the company Minority shareholders getting bullied by majority shareholders Personal issues that impact business relationships Conflicts of interest Discrepancies in contribution or compensation Inadequate distribution of dividends Allegations of fraud or unlawful conduct by the company Whatever a dispute entails, the…
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Do You Have a Bad Faith Insurance Claim?

Do You Have a Bad Faith Insurance Claim?

Auto Accidents
When you pay for property, business, or professional insurance coverage, you expect the insurance company to come through should you have a time of need. When the unexpected happens, it can be costly, though you can rest assured that you can seek insurance benefits to cover the losses. However, it is rarely that simple. In too many cases, insurance companies fail to hold up their end of your contract. This can happen in different ways, including: Causing unreasonable delays for your claim processing Not sending a benefits check in a timely manner Failing to investigate a claim fully Denying a valid claim that should be covered under your policy If any of these are keeping you from the benefits you are entitled to, you should immediately seek assistance from an…
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What are We Looking for in a Title Search?

What are We Looking for in a Title Search?

Real Estate
Before you purchase a property, it is essential to conduct a thorough title search, and the best move is to have an experienced Boca Raton real estate attorney conduct the search for you. The following are some possible issues that a title search might uncover: Public record errors - When errors happen during the filing of a deed with public agencies, they need to be corrected before you close on the property. Liens - Banks or other creditors can place liens against a property to enforce a judgment against the property owner. If you purchase a home, you can accrue these liens if you do not identify them and clear up the issue with the seller before you close. Boundary or survey issues - What neighbors think are boundary lines…
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How to Dissolve a Business in Florida

How to Dissolve a Business in Florida

Business Law
Starting a business can be one of the most exciting decisions of your life, but many things come to an end. It is important to recognize that dissolving a business is also a major step and can have costly impacts if not done correctly. When the decision has come to dissolve your business, the way in which you do so will depend on the type of organization you have, how many owners there are, what their ownership and contractual rights are, and also local laws and procedures. Connecting with a Boca Raton business law attorney can help to ensure that the process is done correctly, effectively, and completely, so that your risk in dissolving is minimized and the benefit maximized. Winding Up and Filing Paperwork When it comes to partnerships,…
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Choosing the Right Executor for Your Will

Choosing the Right Executor for Your Will

Estate Planning
The executor of your will is the individual who will be responsible for honoring its contents, assessing the property in your estate, resolving debts, and distributing the remaining property as you wish. Knowing who to choose as your executor can be a difficult choice, as it is a great responsibility and can also take quite a bit of time. There are factors you should take into account when choosing an executor, and a Boca Raton estate planning attorney can help with the process. The Fiduciary Duty Executors must abide by a fiduciary duty to the beneficiaries of your estate. This means that they must complete all necessary tasks in a proper manner, manage assets prudently, and abide by the terms of the will. Fiduciaries should never act in a biased…
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How to Start a Business with a Partner

How to Start a Business with a Partner

Business Law
Successfully beginning a partnership depends a lot on the work that you put in ahead of time. The choices that you make in the business formation process could make or break the business. Here are some steps that could help your partnership. Choose the Right Partner You may end up responsible for the other person’s actions in a partnership. Your success depends on them. This is why you need to select a trustworthy partner with whom you work well. Find someone with skills that complement yours. The best thing is to have a track record and history with that person already. You should have an extensive discussion about your values and goals before you go into business with someone because you are bound together. Get Everything in Writing You will…
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Steps to Create an Enforceable Trust

Steps to Create an Enforceable Trust

Estate Planning
Trusts must be properly created in order to be enforceable. There are strict legal requirements. The last thing that you want is to create a trust only to later find out that it is unenforceable. Here are some of the requirements for an enforceable trust. Establish Intent and Purpose to Create a Trust This is one of the easier steps. You can simply state this in the trust document through your words. In addition, the trust must have a valid purpose, such as being part of an estate plan. Have the Proper Testamentary Capacity In order for the trust to be valid, you must not be incapacitated. This means that you are competent and able to enter into a contract. This is why trusts must be set up before you…
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Rear-end Crashes Can Still Cause Serious Injuries

Rear-end Crashes Can Still Cause Serious Injuries

Auto Accidents
Many people associate head-in crashes with the most serious injuries and think of rear-end crashes as more minor. The reality is somewhat different. Drivers can suffer life-altering injuries in these accidents. One of the most common injuries in rear-end crashes is whiplash. Do not let the common nature of this injury lead you to believe that it is minor. Whiplash can cause both head and neck injuries that require intensive treatment. Even worse, whiplash can cause the brain to move inside the skull, leading to a traumatic brain injury. In some cases, this can result in permanent brain damage. In addition, this could require surgery and physical therapy to treat the injuries. These Can Be Dangerous Crashes Oftentimes, rear-end accidents will occur at a high speed. A common cause is…
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Resolving a Vendor Dispute

Resolving a Vendor Dispute

business law FAQ
Many businesses rely on vendors to succeed. Vendors might deliver produce to a restaurant, building materials to a construction site, or provide maintenance and cleaning services to a commercial building. No matter what type of vendors you work with, it can cause serious disruptions and possible losses if your vendor fails to fulfill their obligations as agreed. Vendors might deliver late, deliver the wrong items, only partially fulfill an order, or otherwise not provide your company with the goods and services it needs. This, in turn, can prevent you from fulfilling your promises to clients and customers, which can be costly - both financially and to your reputation. It is important to resolve vendor disputes right away and ensure you minimize your losses. Our Boca Raton contract dispute attorneys can…
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Should You Form a Trust?

Should You Form a Trust?

Estate Planning
You have likely heard of a living trust, but perhaps you never considered whether a trust would benefit you and your family. Trusts are legal tools that many people use to achieve various estate planning goals, and the best way to know whether a trust is right for you is to consult with an experienced Boca Raton estate planning attorney. Benefits of a Trust A living trust can have many estate planning benefits, such as: Avoiding probate - Any property or assets held in trust are not required to go through the probate process. Instead, the successor trustee who you designate can distribute the property straight from the trust according to your instructions. This can simplify the probate process for your family members significantly. Greater control over distributions - When…
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