Rights entitled to business “shareholders”
Any person, institution or a company who owns a portion of a company’s share can be considered as a “shareholder“. Also called “stockholders,” shareholders should be aware that they have rights, even if their presence is not critically essential in decision makings. Below are the following rights entitled to shareholders:
- Right to get a portion of a company’s declared dividends
- Right to decide on the business assets liquidation during critical times like bankruptcy and/or dissolution
- Right to conduct inspections of the company’s transaction documents
- Right to file a lawsuit against the corporation
- Right to cast a vote for board directors or members, or make a decision if the business should be combined with other businesses
Shareholders in the corporate level should know that they could not be held liable if the company whom they partly own acquires too much debt from creditors.
If you want to know more about your rights as a business shareholder in Austin, get in touch with a Cagle Carpenter Hazlewood lawyer. Find out how we may work on your behalf today by calling (512) 472-2431.