Closely Held Business – 7 Duties to Minority Owners

Generally, the majority owners of a closely held (private, non-public) business have certain legal obligations to the minority owners preventing the majority owners from abusing their position and taking certain corporate actions without the approval of the minority owners. For example, in a general partnership where one partner owns 51% of the ownership interests in … Continue reading Closely Held Business – 7 Duties to Minority Owners