Holding shares in a corporation provides you with the benefits of ownership but it also entails certain risks. If a company in which you own shares is accused of corporate misconduct, it can affect your financial standing and long-term financial security. Alternatively, business disputes between minority shareholders and the owners or corporate officers can lead to a legal action, which is not beneficial to anyone involved.
Serving shareholders and business owners in Nevada, business attorney Thomas C. Bradley is willing to do what it takes to secure a beneficial financial outcome for his clients. To set up an initial consultation with Mr. Bradley, call his office at (775) 323-5178 to get advice on your legal situation.
Rights of Shareholders in Nevada
Owning shares in a corporation gives you certain rights. These include:
- The right to vote on issues that affect the whole corporation
- Rights related to assets and transfer of stock
- The right to receive dividends
- The right to receive a share of any liquidated assets
- The right to inspect the records and books of the corporation
- Rights that allow you to sue the corporation if directors or officers commit wrongful acts
As a shareholder, you are shielded from any personal liability for debts and other obligations your company may incur. However, actions by the board or officers that harm the corporation have the possibility of harming your financial well-being.
If you hold stock in a corporation which you believe is guilty of shady business practices, you have an option to initiate business litigation against the company. You may have proof that the corporate officers are acting in bad faith or defrauding you. In situations like these, litigation is often the best solution.
However, there are other options. You can attempt to settle privately with the corporation, which many companies are willing to do to avoid bad press. Or you can settle through a different channel like arbitration or mediation, both of which are more efficient than the usual litigation process. Whatever you choose, it's important that you consult an experienced lawyer like Mr. Bradley and listen to his advice.
Nevada Corporate Attorney
Mr. Bradley has the experience and understanding of the law to help you decide the best action to take. You don't have to worry that your case will be passed off to a subordinate, because Mr. Bradley prefers to personally handle every aspect of your case.
To schedule an appointment with the Law Office of Thomas C. Bradley, contact us at (775) 323-5178 or through this website. Mr. Bradley will be happy to meet with you for an initial legal consultation. He serves clients in Nevada.