Successful private company owners often share the traits of having vision, passion and a strong sense of purpose. That does not mean that they govern their companies without having any disagreements with their minority partners. In fact, it is common for business partners to have divergent views about the company and its growth plans, because
Ladd Hirsch is a solution-oriented trial attorney with more than 30 years of experience representing companies and high net worth business clients in complex litigation cases and arbitration matters. Ladd has focused a significant portion of his practice on handling business divorce disputes and related litigation for majority owners and minority investors in substantial private Texas companies. In these matters, Ladd files and defends claims against fiduciaries (officers, directors, managers, general partners and trustees), including claims for breach of fiduciary duty, breach of the entity governance documents and shareholder derivative claims. In his practice, he regularly works with family law attorneys and their clients to assist them with a wide variety of business and complex property issues that arise in family law proceedings.
The Real Estate Joint Venture: Watch Your Step on This Path to Riches
Most of our posts focus on issues related to Texas private companies such as LLCs or corporations, but the real estate joint venture (JV) is another distinct but common way for two or more private parties to form a legal entity. These JVs are often used for the purpose of buying, developing, leasing, operating, managing…
When It Comes to Selling Your Business: What You Don’t Know Can Cost You (A Lot!)
Oliver Cone is a co-author of this post, and is a Senior Vice President at Bulkley Capital. Bulkley is an M&A advisory firm based in Dallas that manages tailored sales processes for privately held companies across the U.S. with values of $15 million or more.
The reasons for selling your private company are highly individualized.