What Are Your Inspection Rights as a Shareholder

What Are Your Inspection Rights as a Shareholder


What Are Your Inspection Rights as a Shareholder?
Hi, I’m Reed Bloodworth, the managing partner of Bloodworth Law with offices in Orlando,
and Winter Haven, Florida. We handle a wide range of business litigation
including shareholder agreements and the resolution of shareholder disputes. Today, I’m going to talk about inspection
rights of a company shareholder. What inspection rights do you have and how
do you request a review information as a shareholder? In Florida, shareholders have the right to
inspect their company’s financial records and the books of their company. Before, or
in conjunction with filing a lawsuit, a shareholder can demand inspection of: • Bonus and salary payments to personnel
• A disclosure of lawsuits filed against the corporation
• Accounting records • Corporation bylaws
• Corporation records and books • Records of actions that were taken without
a meeting • Vendor payments
• Shareholders records • Business addresses and names of the corporation’s
directors and officers • Minutes of meetings for:
o Shareholders o The board of directors, and, any committees. So, how do you exercise these rights as a
shareholder? Shareholder agreements and Florida Statutes
control how you request this information. In order for a shareholder to make a demand
on the corporation for inspection of the books and records, it should be in good faith and
for a proper purpose — one that’s intended to protect the shareholder’s interests,
that is not contrary to the interest of the corporation, and is lawful. If a party has violated the terms of a shareholder
agreement, and you have sustained financial losses because of this violation of terms,
you should not pursue actions without experienced legal representation. Resolving shareholder disputes can include
negotiation, litigation, arbitration, or mediation. These often involve complex issues, and a
shareholder should begin this process without an attorney who works in this area. Again, I’m Reed Bloodworth, the managing
partner of Bloodworth Law. If you have a legal dispute involving your rights as a shareholder,
give me a call. Let’s talk about how Bloodworth Law can help you, your family, or your business.

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