Closely Held Business Law Blog

control of the business??? Florida Law

Monday, February 9, 2009 by Erick Trivedi

I frequently get phone calls from minority shareholders in small companies who have given up their rights in a company because they mistakenly believed that their interest had only nominal rights.

In fact, they are usually shocked to find out that Florida Courts have ruled that the majority shareholders owe a very special duty to the minority shareholders so as not to undermine their reasonable expectation in sharing the business. The most common context for this occurs in... Read More

Posted at 18:04 PM | PERMALINK

Topic: Closely Held Business Law

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