Schaumburg Shareholder Dispute Attorneys
Litico reprsents corporate shareholders in disputes with co-shareholders in private corporations. These disputes often arise over conflict regarding contributions to or distributions from the corporation. At times, a shareholder has taken corporate funds without authorization, or majority shareholders have forced a minority shareholder out of the business.
While the Illinois Business Corporation Act is often applicable in these cases, the parties' shareholder agreement often dictates shareholders' rights with respect to co-shareholders. A shareholder agreement is a contract, and a breach of the parties' shareholder agreement gives rise to a breach of a contract action.
If you are a shareholder of a Schaumburg business or a Schaumburg resident and are experiencing difficulties with your co-shareholder or, colloquially, "business partner," we welcome your call or email.
While the Illinois Business Corporation Act is often applicable in these cases, the parties' shareholder agreement often dictates shareholders' rights with respect to co-shareholders. A shareholder agreement is a contract, and a breach of the parties' shareholder agreement gives rise to a breach of a contract action.
If you are a shareholder of a Schaumburg business or a Schaumburg resident and are experiencing difficulties with your co-shareholder or, colloquially, "business partner," we welcome your call or email.