In my business divorce practice I deal with many closely held corporations that have only a few or perhaps just two shareholders, each of whom is actively involved in running the.
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MiniCorp has five shareholders, all of whom are employees. Each shareholder's employment agreement states that they are an at-will employee of MiniCorp, and the shareholders agreement.
I previously wrote that one of the most difficult periods in the lifecycle of a closely held business is the period following the death of an owner, due to the tension between the.