Deadlock in Closely Held Corporations

Deadlock in Closely Held Corporations

Deadlock in a closely held corporation stops a business in its tracks. Deadlock happens when a key decision can not be made because there is not enough votes to make the decision. This occurs most often in two situations. The first situation is when all the...
Closely Held Corporations: Dilution

Closely Held Corporations: Dilution

A corporation is free to create and sell more stock unless there is something in writing saying it may not. Shareholders need to be mindful of dilution of their voting power and ownership when new stock is issued. If a corporation has 100,000 shares, a shareholder who...
Shareholder Agreements in Idaho

Shareholder Agreements in Idaho

Idaho Code allows the shareholders of a corporation to sign a shareholder agreement. Idaho Code § 30-29-732. A shareholder agreement may address many different aspects of corporate governance. For example: A shareholder agreement may eliminate the board of directors...