A Texas company that sells shares to investors often benefits substantially from the additional cash flow. When all goes well, shareholders with controlling interest and minority shareholders respect each other’s rights and investments in the company, but that is not always the case. At the Law Office of Paul R. Clevenger in Dallas, my office provides strategic legal advice and representation in corporate conflicts involving allegations of minority shareholder oppression. Clients throughout the Dallas area have relied on me for knowledgeable legal guidance since 1989.
A minority shareholder is any person who invests or buys stock in a company but owns less than half of the company’s total shares. Minority stockholders have certain rights under Texas law, including the right to:
Some close corporations with few shareholders accidentally suppress minority shareholder rights by thinking it is not essential to issue stock certificates, conduct corporate meetings or allow transparency of financial records. Other times, minority shareholder rights are suppressed intentionally.
A minority shareholder may choose to pursue legal action against a corporation if its directors or controlling shareholders:
When a minority shareholder turns to the court to prevent a corporation from blocking his or her legal rights, the corporation may be ordered to pay the shareholder’s attorney fees.
With decades of experience handling business formation and business litigation, I understand the ins and outs of Texas laws pertaining to shareholder rights. I advise and represent corporate directors, small business owners and shareholders.
Since 1989, the Law Office of Paul R. Clevenger in Dallas, Texas has represented clients in business disputes, including those pertaining to minority shareholder rights. To schedule a consultation with my office, call 469-212-9764 or contact me online.
“My goal is to provide sophisticated business owners with top quality litigation and business formation services at a reasonable price.”