R. Kashmiry & Assocs., Inc. v. Ellis – Valuations can preempt shareholder agreement litigation
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Description
Abstract: When entrepreneurs team up to form a new (or combined) business, they often have the forethought to include business valuation provisions in their partnership or shareholder agreements. These provisions help facilitate clear and easy resolution in case an owner leaves the business. This article summarizes a recent case that demonstrates how simply drafting a business valuation provision may not suffice — hiring an outside expert to value the business on a routine basis can provide an added level of protection against protracted litigation. R. Kashmiry & Assocs., Inc. v. Ellis, 16 MA 0126, Ohio App., Jan. 26, 2018
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