Legal Question in Business Law in New Jersey

Re: Conflicted shareholders in S-Corp

You need to engage counsel with a direction at obtaining a solution that avoids expensive and contentious litigation. Mediation is one alternative and arbitration another but the last approach is a fight in the courts as it will damage or even kill the splendid success of what you have. If it cannot be resolved alternatively then the Courts will get involved to come up with a solution to the deadlock (usually some form of valuation with a buyout or even a business division) - I would need to know more facts before guessing how that might be accomplished.

Our law firm is involved with both non-litigated and litigated solutions to such dilemmas. I strongly suggest that you engage counsel forthwith to review your options before disharmony takes over and the resolution becomes more difficult and costly.

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