Minneapolis commercial litigation and professional liability attorney Barry O’Neil discusses when you should contact a lawyer in a shareholder dispute.
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Probably the moment you think your rights are being ignored, you probably should do something about it. And you really need to seek your own legal counsel because if the company has a lawyer, that lawyer’s the lawyer for the company. And although you may deal with them regularly on all sorts of business things, it’s not that lawyer’s job to protect your interest as an owner or employee. So really, if you think someone who’s in control of the corporation is doing something to unfairly prejudice your rights as a shareholder or as an employee, you really should take prompt steps to see a lawyer that can advise you.