A falling out among shareholders, partners or owners can lead to devastating financial outcomes for minority or majority shareholders, who may lose employment and have their net worth decimated. Hance Law Firm is a boutique law firm focusing on shareholder oppression cases, and is dedicated to protect shareholder rights & interests. Hance Law Firm’s experience and success in business law, and its in depth handling of complex cases belies its small size. Please call us if you are facing a fall out with your business partners and feel powerless in the legal system
Business disputes are an inevitable cost of running a business, and happen from time to time. The most common conflict is a disagreement over the terms of a contract involving business owners, partners and shareholders. While conflict over contracts is most common, other forms of business disputes can arise as well between contractors, purchasers, suppliers, customers, employees. Hance Law firm specializes in business law and we arbitrate, mediate, or litigate business disputes to resolve your case favorably.
Business Contracts are often drawn without an experienced attorney and is usually the most common conflict driver. Hance Law Firm has expertise in business law, and we work with our clients to guide them in their business decisions with terms and conditions which leave no room for ambiguity in the event of a conflict. Whatever your legal needs may be, we can offer you advice and create specific solutions to address security and ongoing concerns of your company.
Real estate law covers a broad range of issues in relation to property law, from easement disputes, foreclosures, injuries, property taxes,neighbors, property deeds in addition to mortgages, insurance,and landlord/tenant matters. Hance Law focuses on business and real estate law, and we will help you navigate some uncharted territory with our in depth experience and expertise in real estate transactions.
Shareholder Rights | Agreements | Oppression
Wide range of topics come under shareholder rights. Illustrated are few top topics germane to shareholders to help you realize the best possible outcome.
Shareholder rights and remedies | Breach of contract | Shareholder derivative suit | Freeze out mergers | Usurping of shareholder rights by vested interests | Business judgement rule | Oppression of minority shareholder rights | Breach of fiduciary duty by directors | reasonable expectations
Stephen Hance has built his reputation in providing sound legal advice | business judgement backed by aggressive and tenacious advocacy to address minority or majority shareholder rights. Steve’s common-sense legal advice and accurate prognosis of reasonable expectations of a particular case stems from both his vast experience & legal expertise and helps his clients make the best choice to advance their case forward.
Mr. Hance has a wide range of experience that makes him ideally suited to handle your corporate general business needs. HanceLaw firm can help form your business, guide you through management or transactions, and fight for you, if necessary, in court or arbitration.
What is Articles of Organization for an LLC?
Forming a business entity has become incredibly easy nowadays. At the Minnesota Secretary of State's Office, all it takes is 5 minutes filling out a one-page form and a filing fee. The form is called Articles of Organization for an LLC or Articles of Incorporation for a corporation.
What is the difference between an organizer and owner of an LLC?
Can a company fire a shareholder?
Nothing starts a shareholder dispute as often as terminating a shareholder from their own company. The terminated shareholder is often disgruntled and confused. “Can they do this?” and “What are my rights?” are questions that often arise. For the company, often there is confusion about what duties remain to the terminated shareholder.
On the question [...]
Can I as a Shareholder appeal in courts of appeal to get a reasonable expectation?
No, if you were to look at a newly released decision by the Minnesota Court of Appeals, a reminder that litigants cannot even count on the appeals process or reasonable expectation to get things right. See Gates, et al. v. Macken, et al., Court of Appeals Case No. A15-1289 (May 9, 2016) (“Gates v. Macken”).
What is tortious interference?
One claim that sometimes comes up in the business context is called tortious interference with economic advantage. This is a claim against someone for wrongfully taking a business opportunity away from the victim. It comes up often against former employees or co-owners who sidetrack business opportunities that have come to their attention while they worked for [...]
What is corporate veil in regards to corporate definition?
Lawyers are all typically familiar with the concept of the “corporate veil.” The corporate veil refers to the separation between a person who owns stock in a corporation and the corporation itself. With a corporate entity, ordinarily the person who owns stock in the company is not personally liable for the debts of the company. Like [...]
What type of conflict of interest a director of a corporation can have to breach his fiduciary duty?
Directors and/or officers who take responsibility for dissolving a company can be tempted to use company funds to repay debts to themselves as opposed to other creditors. This can expose those responsible to serious potential personal liability if the company is insolvent or on the verge of [...]
“We turned to attorney Stephen Hance when our firm was confronted with a crisis that challenged its survival. Mr. Hance provided sound advice regarding the costs and benefits of litigation. He was thorough and aggressive in prosecuting our case. With his help, we were able to achieve a great result. We highly recommend Hance Law Firm.”
CEO, Direct Mail Marketing Firm
“Steve represented me in a federal lawsuit that threatened the life of my company. He stood strong against well funded and determined opponents and he achieved a result that secured our future. I highly recommend Hance Law Firm for your legal needs.”
– Joe Meyer, President, Tax Materials, Inc.
The majority partner in my business attempted to shut me out of the business. After my first vacation in four years, I came back to a locked office door and a response that our relationship "needed to change." I told my business partner that changing the locks on the door meant that we had no relationship. Steve made sure to understand the intricacies of my case, and felt confident that we had a strong case as a trial date was set. The other side suggested mediation, which we did, and we settled before trial. I've heard that it's a good settlement if both sides are unhappy, but I think I was more happy than the other side -- so I think I came out a little ahead. Overall, I'm very happy with how Steve handled my case and would use him again in a heartbeat.
Steve was absolutely great helping me with a lawsuit as a minority shareholder. He explained the risks and challenges clearly, always making sure I understood the next steps. Bringing a lawsuit against a business is a difficult thing to do, but I always felt that I was in good hands. I wouldn't hesitate for a second to hire Steve again should the need arise.
From the moment I met Steve I knew he was a good fit for my situation. He carefully listened to my story. It was a very personal situation, he was understanding and very caring. We reached an agreement for a buyout with my partner. I highly recommend Hance Law Firm. Michelle the Legal Assistant was very detail oriented and was always available by phone.
Steve has been providing us legal consultation since the start of our company in 2005. He has drafted several partnership contracts and navigated us through a complicated lawsuit. We feel fortunate to work with a lawyer who has mastered the practice of law and also understands business
We help fight justice for shareholders. Today's businesses face an uncertain climate and more than ever need effective, knowledgeable counsel to help guide them to success. Hance Law Firm takes pride in its creativity, comprehensive and reliable legal counsel and will take up cudgels for minority shareholders or majority to provide for and protect our clients. We address business disputes, broad range of contract law to help you not only personalize specialty contract laws specific to your purpose to address enforceability and/or in litigating any unjust enrichment | contract breach.
155 Lake St East, Wayzata MN 55391