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Watch the Calendar When Considering Claims in Connection With a Family-Owned Business

Shareholders of family-owned businesses sometimes assert claims of misconduct against their co-owner relatives. These claims can take the form of oral complaints or written claim letters. ...more

Definitions in Shareholder Agreements Matter When Transferring Family-Owned Business Stock

Owners of family-owned corporations often enter into shareholder agreements that spell out whether and to whom corporate shares can be transferred. Frequently, these agreements provide for rights of first refusal by the other...more

If You Expect to Work in the Family-Owned Business for Life, Be Sure to Get It in Writing

Family-owned businesses often employ multiple family members. Even if there is an expectation that employment will continue indefinitely, the company and the family member employees both usually reserve the right, explicitly...more

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