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Shareholder Oppression is as likely and frequent in limited liability companies as it is in closely-held corporations. Surprisingly, LLC members may have remedies under Texas law that shareholders of corporations do not. Hopkins Centrich Law recently published a law review article in the Houston Business and Tax Law Journal that explores LLC member oppression and its unusual remedies under Texas law. Download your copy of the article here.
FEATURES
We use cutting edge legal and business technology to allow our attorneys and staff more time to work with our clients. More time to listen, more time to plan. We are adept at communicating with our clients, they are never in the dark concerning their matter.
We respond quickly and efficiently to changing circumstances – business is business and almost never static.
We work effortlessly within narrow timeframes.
We deliver innovative and flexible legal solutions at competitive fees.
We are "all in" for minority shareholders and small business owners .Our practice is devoted to business. It’s what we do. With precision and creativity. Because of our focus we are uniquely positioned to move quickly. We know the ins and outs of businesses organizations of every type. We know how things work, we know the law, We can help.
We have decades of experience with shareholder disputes, but we are always learning. We stay on top of every change in the law(s), every precedent setting court case. We stay on top of business trends, issues, and more.
We research, publish, and make presentations to fellow attorneys and business owners. we will never be surprised by a new rule, regulation, or law . . . in fact, we are usually ahead of the curve and can anticipate what’s coming.
All that works to our clients’ advantage as we go all in on their issues.
We have negotiated buy-outs and other settlements for hundreds of minority shareholders. When negotiation isn’t possible our clients win in the courtroom. To be clear, we would – like you – like to ‘work things out’ if only to relieve your stress and save court costs. We are, however, also ready to litigate. We will not hesitate when circumstances call for it.
Meet Our Team Members
Hopkins Centrich’s attorneys all began their legal careers in ‘big’ firms. The experience was challenging, educational, and ultimately frustrating – for us and our clients. They formed our firm with the goal of keeping the best of those firms while providing our clients with a far more comfortable experience, one based on personal relationships and not billable hours.
PRACTICE AREAS
Shareholders have the right to inspect the books and records to “ascertain whether the affairs of the corporation are properly conducted. Sometimes, management and/or the other shareholder/partners have reason to see that doesn’t happen.
Controlling shareholders can abuse their power over minorities through oppressive conduct, greatly diminishing the value of the minority shareholders’ ownership. You do not have to be a mere spectator while this occurs.
Controlling shareholders may try to “squeeze out” minority shareholders by forcing them sell their shares for far less than they are worth. There is no reason you need to acquiesce. Call us immediately to discuss your options.
Conflicts happen in every business. Sometimes, the owners work it out. Sometimes it takes some negotiation. Sometimes it’s hopeless and the minority shareholders are frozen out of before a solution is arrived at.
What happens when a shareholder dies? Wants to retire and ‘cash out?’ Is disabled? A Buy-Sell Agreement covers these scenarios – and more. It is a basic building block of any company.
A minority shareholder may be shocked to discover the company has been committing fraud in its business dealings. Or, the company has been far more or far less profitable than they’ve been told.
Majority shareholders owe a fiduciary duty to do their best for the company, to always put the company’s needs first. Sometimes that just doesn’t happen. Sometimes, the majority owners act in their best interests to the detriment of the company.
There are many ways for majority shareholders to maneuver to dilute the minority shareholders’ interests. It is seldom, if ever, in the best interests or the good for the company.
We welcome you to Hopkins Centrich Law with our intake form for prospective clients. This form is our initial step in understanding and serving your legal needs. It is a secure platform for collecting critical details, which will remain confidential and be used solely for internal processes. Take the first step towards a tailored legal experience with us.
Discover why our clients rave about our services in our review section. Hear their stories, read their feedback, and see why our services are making a real difference.
Great team ! Our issue was resolved in a timely manner and great communication throughout the process. Thank you , Michael.
2 months ago
The best!
6 months ago
I give Hopkins Centrich Law five out of five stars!
7 months ago
Joe Centrich from Hopkins Centrich Law Firm is the only person I’ll be using for contract review needs!
7 months ago
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