Latest / Michigan Business Network
Michigan Business Beat | Laura Kane, Foster Swift, Avoiding 50/50 Business Owner Deadlocks
Originally uploaded July 28th, reloaded August 3rd. Jeffrey Mosher welcomes Laura A. Kane, Attorney, Foster Swift Collins & Smith PC, Grand Rapids, MI, one of their 5 locations across the state. What is a tiebreaker provision, and why is it important in a 50/50 owned company? What problems arise when two equal owners disagree on a major business decision? What happens if a governing agreement contains no deadlock or tiebreaker mechanism? What types of disputes most commonly create deadlocks between equal owners? Hiring or firing executives Capital contributions Sale of the business Taking on…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.