Removing Investor Options

Summary

Without a shareholder agreement, removing an investor can be challenging. Options include negotiating terms, offering a buyout, or pursuing legal action for breach of fiduciary duty. Consulting a lawyer can provide guidance on the best course of action.

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what is fiduciary duty
Fiduciary duty refers to a legal obligation one party has to act in the best interest of another. In the context of business, it applies to individuals like company directors and shareholders, ensuring they act honestly, in good faith, and prioritize the company's interests over personal gains.
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