Although most co-owners or shareholders start their business aligned in their goals and their direction for the company, that doesn’t always remain the case. When the business is less successful than expected or more successful than anyone could have hoped,...
Business & Commercial Litigation
Insurance: Duties Owed by Independent Agents versus Captive Agents
At CLG we’ve had a significant number of claims over the last year where insurance agents have failed to carefully review their customer’s insurance needs and give proper advice as to what type or how much coverage to purchase or whether the coverage limits are...
Piercing the Corporate Veil: When May Corporate Shareholders be Held Personally Liable?
Protection from personal liability is a valuable benefit of organizing a business under certain forms, such as limited liability companies (LLCs) or corporations. Generally, shareholders and directors aren’t at risk of personally paying for the corporation’...
Business Torts 101
Business torts encompass a broad range of legal claims, all of which involve wrongs committed against a business entity. Like personal torts, they involve both negligent and intentional conduct. Unlike personal torts, business torts involve more complexity in proving...
Partition Actions
How To Get Out Of Joint Ownership Of Property With Someone You Don't Get Along With AnymoreWhen a business or personal relationship goes south for parties who own property together, typically the last thing they want to do is to continue to be tied together by real...
Does a Contract Have To Be In Writing To Be Legally Enforceable?
"Get it in writing" is good advice for anyone entering into a business relationship.A contract is a legally enforceable agreement that is made between two or more individuals or entities involved in some sort of transaction or business relationship. There are certain...
Important Considerations In Partnership Breakups
When a business partnership is formed, the last thing on partners' minds is the possibility that one day that partnership will end. But life happens, plans changes, and not all partnerships survive the test of time.There are many things to consider when parting ways....
Expelling LLC members who breach their fiduciary duties
Within a limited liability company, it is not uncommon for disputes to arise among LLC members. Many of these disputes are the result of an LLC member breaching his or her fiduciary duty. When a member does not act in the best interests of the LLC, the effects can be...
Removing Shareholders in Closely-Held Corporations
A breach of fiduciary duty by a shareholder in a closely-held corporation can have significant repercussions - financial, business-related, and otherwise. Often times these shareholders are also officers or directors, so their breach can have significant impact on the...
Minority Shareholders Have Rights: An Overview Of Minority Shareholder Oppression
Disputes among shareholders in a corporation can be very problematic, costing a lot of money and disrupting operations. When shareholder disputes are among majority and minority shareholders, they can be especially difficult, due to an imbalance of power and decision...
