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Featured legal information article. -- Minority Shareholders – Fighting The Man. A couple of your friends come up with a great business idea, but need start-up capital. You agree to provide $10,000 for 30 percent of the shares. A corporation is formed, but the friends take the business in a direction you dont like. What can you do? The first step for a minority shareholder is to look at the bylaws of the corporation. If careful planning was taken when forming an entity, there should be clauses that detail your rights to object. If the corporation was formed through one of those $99 online sites, wellI wouldnt hold out much hope. Heck, the entity may not even have bylaws! See Minority Shareholders – Fighting The Man for the complete article.
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