Business Law

read
Business Law

Stormy Seas for Businesses That Neglect “Divorce-Proofing” Shareholder Agreements

By: Howard Lang, Esq. and Rob Lang, Esq.

Litigation between business partners, sometimes termed “business divorces,” can be as ugly, contested, high-stake, costly, and emotionally taxing as family law divorces. These disputes commonly occur between partners regarding governance, valuation, and fiduciary duties, among others. Shareholder agreements (or operating agreements for LLCs) serve as the business partners’ prenuptial agreement, creating foresight and certainty for all parties in the event that the business marriage goes sour. Although not guaranteed, shareholder agreements will help partners keep the emotion out of a business divorce when a dispute arises. In such a situation, it is helpful to have a “rulebook” that everyone signed onto at the outset of the business.

To read more about divorce-proofing a shareholder agreement, please complete the form below.


Complete the form to get your free guide

Related Resources

250403 National Small Business Month landing page eb
read
Business Law

National Small Business Month 2025 - Free Marketing Package

May is National Small Business Month, and it is the perfect time to engage with small business owners to provide valuable guidance on essential legal topics.

Learn More
Thumbnail 3
read
Trust Administration

Preservation of S-Corp Status in Trust Administration

Download the article to find out why it is critical to examine how to preserve S-corp status at all stages of the estate planning life cycle.

Learn More
Adapt your law practice checklist thumbnail
read
Trusts & Estates

Adapt Your Law Practice Checklist

In light of COVID-19, see how you can adapt your law practice with this free checklist.

Learn More

Get the Premier Magazine for Industry Thought Leaders