Family-owned small businesses are common. Shareholders often span several generations. Some shareholders may work for the family business. Others may be disengaged and except for cashing the quarterly dividend check, they may not be paying attention.
Over time, rifts emerge among shareholder factions as those engaged in running the business resent shareholders who merely sit back and collect a share of profits. The disengaged shareholders are grumbling about some recent business decisions that they don’t understand. The seeds of a costly and potentially ruinous lawsuit have been planted.
Can they work through these issues and get back on track before litigation kills the Golden Goose?