Every NJ Shareholder is a Fiduciary to Their Fellow Shareholders

By Fredrick P. Niemann, Esq., a NJ Shareholders Attorney As a shareholder of a New Jersey corporation, it is important to understand your fiduciary obligations. All shareholders throughout the state owe a reciprocal fiduciary duty to other shareholders within their corporation. This relationship is one of trust, confidence, loyalty and good faith, and is to […]

Shareholders In Closely-Held Corporations May Be Subject to Piercing of the Corporate Veil

By Fredrick P. Niemann, Esq., a NJ Shareholders Attorney  Many NJ corporations are structured today so that a few shareholders comprise the ownership of the business. These shareholders must be aware that the powerful “piercing the corporate veil” tool may subject them to individual liability for the corporation’s actions, even though they are not the […]

When Common Shareholder Disputes Arise

By Fredrick P. Niemann, Esq., a NJ Shareholders Attorney  Most closely-held NJ Corporations begin with a friendly, profitable relationship between a few shareholders. Unfortunately, these relationships don’t always remain amicable. Once businesses get underway, circumstances change. Expectations of the shareholders may vary as the business expands. Attitudes toward other shareholders may not be the same […]

Determining the Value of Your Shares in a Corporation

By Fredrick P. Niemann, Esq., a NJ Shareholders Attorney When a minority shareholder feels as though their corporation is not operating in a manner that they are satisfied with, they often seek to be bought out. When the majority shareholder refuses to buy them out and operates the business in a manner that personally benefits […]

THE FIDUCIARY DUTY OF LOYALTY PROTECTS MINORITY SHAREHOLDERS IN NJ CORPORATIONS

By Fredrick P. Niemann, Esq., a NJ Corporate Attorney   New Jersey is home to numerous “Closely-Held” corporations, or corporations consisting of a small number of shareholders or owners. Many times, these corporations encompass family members or close friends who have gone into business together. While everyone would like to think that nothing could ever […]

Shareholder Buy-Sell Agreements and Restrictive Covenants Are a Key Part of All Employment Contracts

By Fredrick P. Niemann, Esq., a NJ Shareholder Dispute Attorney   Shareholder’s agreements should be an essential part of every small corporation’s structure in New Jersey. These agreements outline every aspect of  corporate government and shareholder ties to the business, including ownership and voting rights, control and management of the corporation, methods of resolving disputes, […]

Different Ways to Hold Investment Properties

By: Fredrick P. Niemann, Esq.           Convinced that the economy will improve sometime again, you decide it’s time to take the plunge and buy a business as an investment. As the saying goes, buy low and (hope to) sell high.  In such ventures, one of the earliest and most important decisions concerns which type of […]

Majority Shareholders Owe a Duty of Loyalty to Minority Shareholders in Closely-Held New Jersey Corporations

By Fredrick P. Niemann, a New Jersey Shareholder Attorney Many New Jersey Corporations are considered “Closely-Held” Corporations. These types of corporations consist of a small amount of owners or shareholders, sometimes family members, who work together to run the business. Usually these corporations run smoothly, but unfortunately conflicts sometimes arise and situations develop where shareholders […]

Oppressed Minority Shareholders in Closely-Held New Corporations Have Rights

By Fredrick P. Niemann, Esq., a NJ Shareholders Attorney Closely-held corporations have a small number of shareholders who comprise the ownership of the business. Minority shareholders are those who own less than 50% of the shares and therefore are unable to dictate business decisions by themselves, something a majority shareholder can do. However, despite not […]