Fiduciary Duty, Business Ownership, Family Businesses

Keeping It in the Family (Trust): Additional Considerations for Contributing S Corp Shares

DarrowEverett LLP on 6/30/2025

A large part of business sucession planning is structuring the transfer of business ownership. While outright transfers can be less complex, transferring ownership in trust can provide practical benefits that are worth...more

Three Strikes You’re Out: Sebrow Revisited

Farrell Fritz, P.C. on 6/27/2022

A year and a half ago, we blogged about a decision in which Bronx County Supreme Court Justice Llinet M. Rosado ruled that a shareholder’s alleged stock transfer through a bequest in his last will and testament was...more

Jury Finds that Manager Did Not Breach Fiduciary Duties

Freeman Law on 12/23/2021

In the recent Texas case of Trinh v. Cent. River Healthcare Grp., a pair of siblings engaged in a legal dispute over whether one sibling had breached a fiduciary duty in the management of a PLLC. NO. 03-19-00393-CV (Tex. App....more

Duties Among Members of Closely Held Businesses - Current Issues in Closely Held Businesses Series: Part 1

Holland & Knight LLP on 6/11/2020

During the COVID-19 pandemic and shelter-in-place orders, many topics arose related to disputes among members of closely held businesses. When the interests of the owners diverge and litigation results, a variety of issues...more

Live-Action Role-Playing — The Challenges of Working With Family Members

Ward and Smith, P.A. on 10/31/2019

Leaders of closely held businesses got an opportunity to view a family-owned enterprise as an outsider would, instead of their usual position inside a company. Ward and Smith's 2019 Closely Held Business Summit featured a...more

Top Ten Business Divorce Cases of 2018

Farrell Fritz, P.C. on 12/31/2018

I’m very pleased to present my 11th annual list of this past year’s ten most significant business divorce cases. This year’s list includes four important appellate decisions, including one likely to stand as a landmark...more