Appellate Court Upholds Unique Method for Shareholders to Access Records
When a minority shareholder in a corporation seeks financial and management records, the shareholder must make a statutory “books and records” request or rely on provisions in a shareholder agreement or corporate by-laws. A recent appellate court case upheld yet a third way for aggrieved shareholders to obtain corporate books and records. It is called […]
You Must Prove Damages With Reasonable Certainty In Business Lawsuits
Determining if you have provable damages is often the first step in analyzing whether to pursue a business lawsuit as a shareholder, partner, or member of a limited liability company. Likewise, if you have been sued as a result of a partnership or shareholder dispute, reviewing the exposure or possible damages you face is an […]
Dissolving A Corporation Under Connecticut Law
Under Connecticut law, there are various methods attorneys may use to dissolve or terminate a corporation. It is referred to as dissolution of the corporation. A dissolved corporation continues its corporate shell existence but stops carrying on business except where necessary to wind up the affairs of the company. Winding up typically involves liquidation by […]