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Relief for Minority Shareholders Under the Oregon Business Corporation Act

March 15th, 2022

Minority shareholders in closely held corporations often feel trapped when there is conflict with the other shareholders. Frequently the minority shareholder is unaware of the legal remedies available to them. Specifically, ORS 60.951 et seq., the “Oregon Business Corporation Act”, which applies to corporations whose shares aren’t traded publicly or nationally, grants a court extensive power to impose legal and equitable remedies on the corporation and its shareholders including:

Ordering an accounting;
Altering or compelling corporate action including reversal of shareholder or director action;
Removal and appointment of directors or officers;
Appointment of a custodian to manage corporate affairs;
Compelling distributions;
Awarding damages to an aggrieved party;
Compelling the purchase and sale of a shareholder’s shares at “fair value” instead of “fair market value” and the terms of any such sale; and,
Dissolution of the corporation.

While the shareholders and corporation may validly exclude certain remedies available under the statute, they can’t validly exclude a court’s exercise of its power to order an accounting, to award damages, or to compel dissolution of the corporation.

A shareholder can invoke these remedies in a case: (1) of director deadlock which the shareholders can’t break that causes irreparable injury to the corporation or to its shareholders generally; (2) where the directors or those in control of the corporation have, are or will act in an illegal, oppressive or fraudulent manner; (3) corporate assets are being misapplied or wasted; or, (4) the shareholders have been unable after two consecutive annual meetings to elect directors who will succeed directors whose terms have expired.

Reputation Management is the Answer How Your Business Is Perceived

February 25th, 2022

Is it true that you are keen on finding out about dealing with your standing? Have you been searching for accommodating and solid data? Indeed, this article will ensure you get a few strong ideas. It will assist you with sorting out some way to more readily deal with your standing.

Posting data via online media locales is essential to your business’ standing. You should post a few times each week at any rate to actually run an advertising effort. Assuming you see that posting via online media locales is overpowering, consider recruiting an aide to make your posts for you.

At the point when individuals invest in some opportunity to offer something about your business, it is vital that you are sufficiently gracious to answer. While you might be an extremely bustling individual, it shows your crowd that you really care about them and what they need to say. This is imperative to keep a consistent client base.

At the point when you talk with your crowd, ensure that you do as such in a conversational tone. Individuals try to avoid the possibility of entrepreneurs continuously addressing them with promoting to them. While you would like to make a deal, you ought to never cause a client to feel like this is your main concern.

Be grateful. Assuming somebody leaves a decent audit about your organization, send them an individual message and express gratitude toward them for their criticism. On the off chance that conceivable, send your client a coupon for a specific percent off on their next buy as a much obliged. In the event that this is preposterous, earnestly say thanks to them for their input.

Assuming you will utilize anybody’s thoughts, you ought to constantly make a point to give them credit for that. Everybody out there can advance a little from others, so giving due credit will show individuals that you don’t think you are over that. This is an extraordinary method for getting their appreciation.

On the off chance that you own a business, treat your representatives consciously. Any other way, you might foster a negative standing as an entrepreneur. Certain individuals won’t give you business as a result of it.

Check any regrettable web-based content on your organization by reaching its maker. Assuming there is at any point any regrettable substance when you do an inquiry of your organization, take a stab at reaching the commentator, blogger or whoever posted it at the earliest opportunity. Inquire as to whether there’s anything you can do change their negative feeling to a good one. Assuming they are reluctant to do as such, compose a comment(if conceivable) with your side of the story.