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Businesses use a variety of sources to get the things needed for business. For many, this includes hiring vendors to handle building websites, apps, automations, marketing tools and software. Historically, these tasks were done by a person, but many of them are...
For many companies, facing legal challenges is a fairly common occurrence. One of the most important parts of a legal claim is often the evidence that each side has. Some businesses focus largely on traditional evidence, such as contracts, letters, emails and...
Business breakups often lead to fierce disputes over value. In closely held companies, a buy-out may look simple on paper, but in practice, the numbers can tell a very different story. For Minneapolis shareholders, even small valuation choices can lead to massive...
Bench-trial judgment affirmed on all 13 issues in the Texas Fourth Court of Appeals—then we recovered on the supersedeas bond and got paid.
Introduction: Your Exit Plan is Your Leverage In a closely held Minnesota business, ownership and employment often overlap. When an owner retires, becomes disabled, dies, gets divorced, or the relationship simply breaks, the difference between an orderly transition...
Introduction: When Business Relationships Turn Personal Starting a business with a partner is a lot like a marriage — built on trust, shared goals, and optimism. But when things fall apart, the business divorce can be just as emotional and far more expensive. For...
Introduction: LLCs as Close Corporations Limited Liability Companies (LLCs) have become the entity of choice for small Minnesota businesses. New LLC Business filings in Minnesota: 2025 (partial year through August): 44,501 2023: 62,188 2022: 55,501 2015, 31,000+ In...
Minnesota Shareholder Freeze-Outs: Rights & Remedies for Minority Owners Learn how to identify and fight shareholder freeze-outs in Minnesota close corporations. Understand your legal rights, statutory protections, and strategies for protecting your investment.
Business disputes take time, drain money and strain relationships, but you lower those risks when you set expectations early and address issues before they grow. You cannot stop every disagreement. However, by putting clear structures in place, you give your company a...
In Minnesota close corporations — small, privately held businesses where ownership and management often overlap — minority shareholders can face unique risks when disputes arise. Minnesota law offers robust protections, including voting rights on major corporate actions, access to financial records, and proportional distribution entitlements. Majority shareholders owe fiduciary duties of good faith and loyalty, and breaches such as freeze-outs, misappropriation of assets, or unfair buyouts can trigger strong remedies. Under Minn. Stat. § 302A.751, courts can order a fair-value buyout, award damages, issue injunctions, or even dissolve the corporation in extreme cases. Acting quickly is critical to preserve leverage and avoid missed deadlines. Proactive measures — like strong buy-sell agreements, regular record reviews, and expert valuations — can help safeguard your investment and rights.