Business Shareholder Disputes Attorney in Minneapolis, Minnesota

Conflicting Desires to Sell the Business

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Well, that can be tricky.  Usually, when it comes to selling a business, that’s not a decision the board of directors can make.  That’s a decision that the owners have to make.

And depending on whether there’s an agreement in place, it would be a decision by majority consent or perhaps supermajority or unanimous consent.  And so, if there’s an ownership group who wants to sell and others who don’t, it may not be possible, at least with that dynamic.  And so it’s very very rare and unusual that minority shareholders can force a sale.

Minneapolis Business Litigation and Real Estate Attorney Brent Johnson discusses what happens if some owners of a business want to sell their business while others do not.

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