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Shareholder, Partnership & LLC Disputes
Partners who stop sharing money or information, deadlocks, buyouts, exits and fiduciary duties inside a Texas LLC, partnership or closely held corporation.
26 guides on shareholder, partnership & llc disputes, page 3 of 3Showing 19 to 26
Shareholder, Partnership & LLC Disputes
Shareholder Disputes in a Closely Held Texas Corporation: Your Options
Texas gives closely held shareholders a specific toolkit: records rights, a shareholders' agreement that can override the board, derivative claims treated as direct, receivership.
Shareholder, Partnership & LLC Disputes
Suing on Behalf of the Company: Derivative Claims in Texas
An owner can enforce the company's own claim against insiders. Texas requires standing, a written demand and a 90-day wait; companies with fewer than 35 owners skip most of it.
Shareholder, Partnership & LLC Disputes
The Company Is Profitable but I Am Not Being Paid Distributions
Texas gives a member no right to a distribution until the managers declare one, unless the agreement says otherwise. The claim lies in the agreement or in disguised insider pay.
Shareholder, Partnership & LLC Disputes
We Disagree on What the Company Is Worth. How Valuation Disputes Are Decided
Valuation disputes turn on three things: the standard of value, whether discounts apply, and how the experts normalized the numbers. The agreement often decides the first two.
Shareholder, Partnership & LLC Disputes
We Never Signed a Partnership Agreement. Do We Have a Partnership?
Possibly yes. Texas creates a partnership from conduct, not paperwork. Courts weigh profit sharing, intent, control, loss sharing and contributions under § 152.052.
Shareholder, Partnership & LLC Disputes
What Fiduciary Duties Do Partners and LLC Managers Owe in Texas?
Partners owe statutory duties of loyalty, care and good faith. LLC managers owe what the company agreement and case law supply. Directors owe the corporation.
Shareholder, Partnership & LLC Disputes
What Happens to an LLC Interest When a Member Dies or Divorces?
Heirs and a divorced spouse become assignees: they receive distributions and information but cannot vote or manage unless admitted as members or the agreement says otherwise.
Shareholder, Partnership & LLC Disputes
When Can a Texas Court Hold an Owner Personally Liable? Piercing the Veil
Texas makes it hard. For a contract claim, § 21.223 bars alter ego and similar theories unless the owner used the entity to commit actual fraud mainly for his own direct benefit.