Business Divorce

$169.00

Business Divorce is an area of the law that focuses on the division of ownership interests held by majority owners and minority investors in private companies.  In many cases, the owners and investors in these private businesses have not entered into any kind of contractual exit strategy, such as a buy-sell agreement, to govern their departure from the business.  As a result, the parties have no clear path to follow to achieve a Business Divorce when a partner exits the business, and this lack of a defined process opens the door to a host of conflicts and claims between the parties. 

This course focuses on the relationship between private company majority owners and minority investors, reviews the conflicts that arise between them, considers potential resolutions to these conflicts, and offers strategies for avoiding or lessening these conflicts between the parties.

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Event Details

Webinar Date

Webinar Time

Course Type

Course Instructor

Ladd A. Hirsch, Esq.

Original Date Of Course

General Credits

1

Course Description

Business Divorce is an area of the law that focuses on the division of ownership interests held by majority owners and minority investors in private companies.  In many cases, the owners and investors in these private businesses have not entered into any kind of contractual exit strategy, such as a buy-sell agreement, to govern their departure from the business.  As a result, the parties have no clear path to follow to achieve a Business Divorce when a partner exits the business, and this lack of a defined process opens the door to a host of conflicts and claims between the parties. 

This course focuses on the relationship between private company majority owners and minority investors, reviews the conflicts that arise between them, considers potential resolutions to these conflicts, and offers strategies for avoiding or lessening these conflicts between the parties.

Principles

This course provides an overview of Business Divorce – Texas style and includes a discussion of:

  • The most frequent types of conflicts between private company majority and minority owners
  • The various legal claims typically asserted by minority owners, 
  • The legal authorities that govern minority owner claims and
  • Strategies for resolving ownership disputes to produce an optimal outcome for all parties   
  • The process for valuing minority-held interests in private companies
  • Problems particular to 50-50 owned businesses and
  • Business Divorce issues that arise in marital divorce proceedings.

Syllabus

  1. Introduction – defining the problem
  2. Review of available claims and remedies for minority owners in closely-held businesses
  3. Strategies for resolving conflicts that arise between co-owners of the business
  4. Valuing private companies and minority interests in private businesses
  5. The 50-50 owned business and the plight of owners locked in impasse
  6. The legal remedies available under Texas law to minority shareholders of closely-held businesses who bring claims on a shareholder derivative basis against the company’s managers, directors or officers
  7. Business Divorce issues that arise in family law proceedings
  8. Strategies for achieving win-win outcomes in the Business Divorce process for owners and investors

Instructor

Ladd A. Hirsch, Esq.

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