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Law Firm of Badeaux & Associates
Law Firm of Badeaux & Associates

550 Egret Bay Boulevard, Suite 121
League City, TX 77573
(832) 569-2218
(Intersection of Egret Bay and Barger St)

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HomeFrequently Asked QuestionsShould I be a minority owner i…

Should I be a minority owner in a company?

Practice Areas

Wills and Estates

  • Wills and Trusts
  • Powers of Attorney and Directives to Physician
  • Why Choose Us for Wills & Trusts
  • Estate Taxes
  • FAQ Wills and Estates

Probate

  • Probate Estate Administration
  • Why Choose Us for Probate
  • Executor and Trustee duties
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  • FAQ Probate

Real Estate Law

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  • FAQ Commercial Real Estate

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Should I be a minority owner in a company?

What should you do if your friend or anyone asks you to be part of their company, but only as a minority owner of the company or LLC? If you agree, you should require that you also be a member of the board of directors or a manager in an LLC; otherwise, your investment can be at risk. A minority owner cannot demand any return on its investment because the majority shareholder or member can take high salaries and bonuses, leaving no “profit” to be split among the owners. The majority owner taking high salaries and leaving little or no money for profits to go to the minority owner is the most common dispute in friendships that Badeaux & Associates sees.

Practice Areas

Wills and Estates

  • Wills and Trusts
  • Powers of Attorney and Directives to Physician
  • Why Choose Us for Wills & Trusts
  • Estate Taxes
  • FAQ Wills and Estates

Probate

  • Probate Estate Administration
  • Why Choose Us for Probate
  • Executor and Trustee duties
  • Guardianship of Incapacitated Person
  • FAQ Probate

Real Estate Law

  • Real Estate
  • Why Choose Us for Real Estate
  • FAQ Real Estate
  • Commercial Real Estate
  • FAQ Commercial Real Estate

Business Law

  • Business Law
  • FAQ Business Law
  • Buy-Sell Agreements
  • Franchises

Read Client Reviews

Meet Our Attorneys

joanne
Joanne M. Badeaux
Senior Attorney
In her 30 years of practicing law, Joanne M. Badeaux has had the pleasure of representing multiple generations of families in their estate planning, probate and real estate matters. Joanne has seen a… Read More About Joanne
Annabel Moore's Profile Image
Annabel Moore
Attorney
Attorney, Annabel Moore, focuses her practice on estate planning, wills, trusts and probate. Annabel Moore serves as of counsel with the law firm of Badeaux & Associates on particular cases. She e… Read More About Annabel

Contact Us
Law Firm of Badeaux & Associates
550 Egret Bay Boulevard, Suite 121
League City, TX 77573
Phone: (832) 569-2218
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