In his Bench & Bar of Minnesota article, “What’s (the court say) a business (is) worth?”, attorney Joe Pull explores the complex process of valuing a business when legal disputes arise. Whether in divorce or shareholder litigation, the valuation process is critical yet challenging. It requires courts and attorneys to...
Pitfalls for Minority Shareholders
Becoming a minority owner of an LLC or corporation (an owner of less than 50% of the business) is obviously a declaration of faith in the majority owner’s business savvy. It is also a declaration of faith in the majority owner’s good will, because control of a majority interest gives...