Dental Practice Shareholder Disputes Lawyers
Running a dental practice can be a rewarding experience, but those doing so face many challenges as they seek to build their business. Working with partners, directors and shareholders can throw up problems, and disagreements on specific aspects relating to how your practice operates can easily lead to disputes.
The specialist dental solicitors at Goodman Grant are experts when it comes to resolving shareholder disputes as quickly and straightforwardly as possible. We have been advising clients in the dental sector for over two decades, building up a wealth of knowledge and a detailed understanding of the unique requirements and responsibilities of professionals working in this field. Please speak with a member of our team today to discuss your case.
When might dental practice shareholder disputes arise?
There can be a host of situations in which disputes will arise between shareholders in a dental practice. The nature and structure of your business will make some of these reasons more or less likely, but the following can be common causes of shareholder disagreements:
The practice's direction and strategy – different shareholders may have different ideas about how they see the business's future and what steps should be taken to achieve this.
Dividends – the frequency and value of dividends taken out of the business by shareholders
Shareholder salaries – whether or not certain shareholders should be entitled to draw a salary and what this salary should be.
Contributions and input into the business – disputes can arise if some shareholders feel that others are not contributing to the business in the same way that they are while being entitled to the same benefits.
Conflicts of interest – this is particularly likely when shareholders in a business are also involved with another business operating in the same sector
Buying out and dismissing shareholders – when this should happen, and the cost of removing a shareholder from the business may lead to disagreements
How can shareholder disputes be avoided?
The most straightforward method of avoiding shareholder disputes is to have a shareholder agreement in place at the earliest possible stage. This should be prepared and drafted by a qualified legal professional to ensure that all relevant matters are addressed and to prevent issues regarding the validity of the agreement arising in the future. A shareholder agreement should cover all of the points listed above. This means that, should there be disagreement about how shareholders perform their role, reference can be made to the agreement and matters can be settled more simply and cost-effectively.
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The dental lawyers at Goodman Grant have skills in mediation, arbitration, adjudication and expert determination. We pride ourselves on our reputation for clear, pragmatic thinking and our solicitors are friendly and approachable should you have any questions. We always strive to provide legal advice that is concise, accurate and easy to understand. Whatever your business with us, our lawyers will keep you fully up to date with any developments and our directors are on hand to discuss matters with you should you wish to do so. With offices in Liverpool, Leeds and London we can service clients right across the UK.
Speak with one of our friendly and approachable solicitors today to arrange a consultation on 0151 707 0090 (Liverpool), 0113 8343705 (Leeds), 0203 114 2133 (London) or complete our online enquiry form.