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Navigating Closely Held Family Business Disputes.

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  • Additional Information
    • Abstract:
      Although rarely looked at until a dispute arises, all closely held family businesses are ultimately governed by agreements made at formation or by state laws. Human nature being what it is, it is generally a question of when, not if, problems and disagreements between and among the owners of the business will surface, whether intergenerational or not. This article is intended to be a basic primer about the fundamental legal rights and obligations of owners and management with respect to information and basic fiduciary duties, and to provide guidance to financial service professionals so that they, as part of a team of accountants and attorneys, can assist with both preventing and addressing these disputes. [ABSTRACT FROM AUTHOR]
    • Abstract:
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