Legal Question in Business Law in Florida

Corporate shareholders enter into shareholder agreements (partnership agreements are used in partnerships). Although you will be an owner once you purchase the shares, you will be a minority owner - you only own 20% - so your "rights" will probably be fairly limited. What interests are you trying to protect? Decide what issues are important to you and see if you can negotiate them into the shareholder agreement. Decisions are generally made by vote. If you only own 20%, the 80% owner will usually be able to outvote you every time. Therefore, make sure that before you make the purchase, you negotiate a shareholder agreement with acceptable protections. But, don't expect that you will have the same rights and powers as the 80% holder.