Legal Strategies to Avoid Disputes in Family Owned-Businesses

Despite their best intentions, owners of family-owned businesses frequently develop differences of opinions about compensation, day-to-day operations, leadership, financing, disposition of equity, and more. Shareholder agreements, which include close corporation agreements, operating agreements, and buy sell agreements, are an important part of any business strategy, providing a framework for sound governance and preventing misunderstandings that may result in litigation.