Updating Corporate Bylaws to Avoid Shareholder Disputes
We updated the corporate bylaws of a large medical center and its affiliated medical group in order to avoid potential shareholder and management disputes.
Over the span of a year, the medical group had grown to nearly 200 shareholders, sparking shareholder concerns regarding corporate governance and representation. To accommodate the shareholders, we completed a large-scale set of amendments to the entity’s bylaws, working closely with management and shareholders to ensure success. Eventually, both parties agreed to the bylaws amendments, preventing potential disputes concerning the formal legal operations of the entity. We continue to handle ongoing corporate maintenance, including the admission of new shareholders and the departure of old shareholders.