B&M encourages our clients to reach shareholder agreements early to address the impact of the death, divorce or disability of a principal. Depending on the size and structure of the entity, a shareholder agreement may address (1) the procedure to be followed in the event of a voting deadlock; (2) the sale of stock (e.g., transfer restrictions and tag along and/or drag along rights); and (3) voting protocols for certain issues such as the election of directors and officers, when the company or an owner may require the purchase of the stock, and the rights of a third party purchaser of the owner's shares. These are practical and critical issues for any business with more than one owner and provide certainty in the event of real life situations including divorce, death or disability. Having an appropriate agreement in place provides peace of mind and gives the business and its owners the best chance of surviving the departure of a principal.

In the unfortunate event that a dispute arises between shareholders, B&M's trial team has the expertise and experience necessary to protect our clients' interests and assets in court or arbitration proceedings. Please see our Business Litigation page for additional information and services.