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Before you think about unfairly distributing profits in your business, remember that once a disgruntled shareholder rightfully sues, the court can intervene to redistribute profits to ensure fairness among shareholders. Here are the criteria for court intervention: ??Breach of Fiduciary Duty: Majority shareholders misuse their power. ??Violation of Shareholder Agreement: Terms are not followed. ??Unfair Practices: Profits are manipulated or hidden. ??Imbalance in Contributions vs. Rewards: Disproportionate profit sharing. ??Lack of Transparency: Inadequate financial disclosure. Maintaining transparency and fairness in profit distribution is crucial to avoiding legal disputes and ensuring all shareholders are treated equitably. This will protect your business and uphold trust among your stakeholders. Don't let unfair practices slide. Contact us to defend your rights and ensure you get what you deserve. With our experience in business litigation, we'll guide you through these challenges and protect your interests. #Alismelaw #smallbusiness #lawyer #businesspartnership #businesspartner #businessowner #corporatelawyers #corporategovernance #corporatecounsel #businesstips101 #business #businessman #businessmindset #businessgrowth #businessquotes #legaladvice #legalservices #servicebasedbusiness #attorney #newyorkcity #newyorkattorney #contractlaw #businessdisputes #commerciallawyer #businessattorney #powerofattorney #lawyering #lawyer #mediation #trialattorney Disclaimer: The above material is for informational purposes only; for personalized legal assistance, contact us at (917)-970-1212

Being cheated out of business profits can be really frustrating and sad. You feel like you've been betrayed, especially if you think you've worked hard and deserve your share. Here are 4 signs that you might be getting cheated out of your business profits: 1. You see the business growing, but there's no money in your bank account. Maybe the majority shareholders are not sharing the profits. 2. Insincere profit distribution. Watch out for unclear ways in which profits are being shared. 3. Lack of transparency and financial reporting. If you don't get clear reports, something might be wrong. 4. Consistent underperformance in your returns. If your returns are always lower than expected, it could be a sign. Are you going through something similar and need help? Comment “the End,” and we will schedule a consultation. Disclaimer: The above material is for informational purposes only; contact us at (917)-970-1212 for personalized legal assistance. #smallbusiness #lawyer #businesspartnership #businesspartner #businessowner #businesstips101 #business #businessman #businessmindset #businessgrowth #businessquotes #legaladvice #legalservices #servicebasedbusiness #attorney #newyorkcity? #newyorklawyer #newyorkattorney #contractlaw

If you are a minority shareholder in a tech company and believe that the majority shareholders negatively impact your rights or the business, you can seek redress. Here’s how we can help: ?? Review the Shareholder Agreement: We’ll identify clauses that protect your interests and enforce fair treatment. ?? Consultation and Strategy: Our legal team will outline a tailored strategy based on your specific situation. ?? Demand Transparency: We can request detailed financial records and profit distribution statements to uncover discrepancies. ?? Mediation and Arbitration: We’ll explore these options to resolve disputes collaboratively and save time and costs. ?? Court-Ordered Remedies: If necessary, we can take legal action to seek a court-ordered profit adjustment or other remedies. ?? Ongoing Support: We’ll provide continuous support to protect your rights and address future issues. Don’t let unfair practices go unchallenged. Reach out to us to protect your interests and ensure you receive your fair share. Our expertise in business litigation will help you navigate these challenges effectively. #TechCompanies #ShareholderRights #BusinessLitigation #ProfitDistribution #LegalAdvice #MinorityShareholders #CorporateGovernance #ProtectYourInterests #BusinessDisputes #FairProfitSharing Disclaimer: The above material is for informational purposes only; for personalized legal assistance, contact us at (917)-970-1212.

Here is one thing no one tells shareholders about profit distributions: you have to closely look at the financial statements that show how profits have been distributed. It's easy to assume everything is handled fairly, but assumptions can lead to significant financial loss. Always verify your profit distributions against your ownership stake. If you find discrepancies, discuss them with your other shareholders. If nothing is done when you approach the majority, you have the right to take legal action. You can actually sue for a court-ordered profit adjustment to ensure you receive what you are entitled to, and we can help you do that. Comment "HELP" DM us to have this protect your interests in the company. #Alismelaw #smallbusiness #lawyer #businesspartnership #businesspartner #businessowner #corporatelawyers #corporategovernance #corporatecounsel #businesstips101 #business #businessman #businessmindset #businessgrowth #businessquotes #legaladvice #legalservices #servicebasedbusiness #attorney #newyorkcity #newyorkattorney #contractlaw #businessdisputes #commerciallawyer #businessattorney #powerofattorney #lawyering #lawyer #mediation?#trialattorney Disclaimer: The above material is for informational purposes only; for personalized legal assistance, contact us at (917)-970-1212

Minority shareholders have rights, and if you?feel you're not receiving your fair share of profits, you can seek a court-ordered profit adjustment. The court can order an independent audit to review the company's financial records, identify discrepancies, and mandate a fair redistribution of profits. Don’t let unfair practices go unchallenged—let us help you stand up for your rights and protect your financial interests. Always consult an attorney to help navigate this process and protect your rights. Disclaimer: The above material is for informational purposes only; for personalized legal assistance, contact us at (917)-970-1212. #Alismelaw #smallbusiness #lawyer #businesspartnership #businesspartner #businessowner #corporatelawyers #corporategovernance #corporatecounsel #businesstips101 #business #businessman #businessmindset #businessgrowth #businessquotes #legaladvice #legalservices #servicebasedbusiness #attorney #newyorkcity #newyorkattorney #contractlaw #businessdisputes #commerciallawyer #businessattorney #powerofattorney #lawyering #lawyer #mediation #trialattorney

You're a tech company, and your partnership has gone sour. You want to resolve it as painlessly and undisruptively as possible. Here are some steps to consider: ??Mediation and Arbitration: Start here if your agreement includes these clauses. Mediation allows partners to resolve issues amicably with a neutral third party. ??No Agreement or Mediation Fails: Consider formal litigation to protect your interests and ensure a fair resolution. ??Why Mediation is Best: Mediation helps preserve the business relationship by finding a mutually beneficial solution. ??Consult an Attorney: Always seek legal advice to guide you through the process and protect your rights. Don't let a sour partnership disrupt your business. Seek the right legal advice to navigate these challenges smoothly. Disclaimer: The above material is for informational purposes only; contact us at (917)-970-1212 for personalized legal assistance. #Alismelaw #smallbusiness #lawyer #businesspartnership #businesspartner #businessowner #corporatelawyers #corporategovernance #corporatecounsel #businesstips101 #business #businessman #businessmindset #businessgrowth #businessquotes #legaladvice #legalservices #servicebasedbusiness #attorney #newyorkcity #newyorkattorney #contractlaw #businessdisputes #commerciallawyer #businessattorney #powerofattorney #lawyering #lawyer #mediation #trialattorney

Stop People Pleasing, Save Your Business Trying to please clients, especially at the cost of your business's interests, can be detrimental. Over-accommodating client demands often lead to scope creep, making you susceptible to litigation due to disputes over timelines, costs, and deliverable quality. Action Points: ??Document Changes: Always write client requests for additional tasks and amend the contract accordingly. ??Assess Impact: Before agreeing, evaluate how new requests affect timelines, budgets, and resources. ??Communicate Clearly: Keep an open line of communication with clients about the impacts of their requests. ??Set Boundaries: Be clear about what is included in the project scope and what constitutes additional work. ??Regular Reviews: Conduct regular project reviews to ensure everything is on track and any changes are formally documented. Have you ever faced this issue before? What losses did you incur?? Balancing client satisfaction with business sustainability is critical. Remember, we're here to help you assert your boundaries and protect your business. Disclaimer: The above material is for informational purposes only; for personalized legal assistance, contact us at (917)-970-1212. #Alismelaw #smallbusiness #lawyer #businesspartnership #businesspartner #businessowner #corporatelawyers #corporategovernance #corporatecounsel #businesstips101 #business #businessman #businessmindset #businessgrowth #businessquotes #legaladvice #legalservices #servicebasedbusiness #attorney #newyorkcity #newyorkattorney #contractlaw #businessdisputes #commerciallawyer #businessattorney #powerofattorney #lawyering #lawyer #mediation #trialattorney

Our client stopped being prone to law suits by stopping these 2 bad habits and asking two questions: ??Client Pleasing: Our client learned to assert boundaries and manage client expectations effectively instead of being overly accommodating and allowing scope creep. ??Poor Documentation: By improving documentation practices, our client ensured that all agreements, changes, and communications were recorded accurately and transparently. The Two questions: ??Ask the client, “What exactly do you want from this business relationship?” ??Ask yourself, “Can I deliver on those exact terms, or will adjustments be necessary?” This approach saves time, prevents misunderstandings, and fosters mutually beneficial partnerships built on clear expectations and deliverables. Disclaimer: The above material is for informational purposes only; for personalized legal assistance, contact us at (917)-970-1212. #Alismelaw #smallbusiness #lawyer #businesspartnership #businesspartner #businessowner #corporatelawyers #corporategovernance #corporatecounsel #businesstips101 #business #businessman #businessmindset #businessgrowth #businessquotes #legaladvice #legalservices #servicebasedbusiness #attorney #newyorkcity #newyorkattorney #contractlaw #businessdisputes #commerciallawyer #businessattorney #powerofattorney #lawyering #lawyer #mediation #trialattorney