A Business FAQ with Mark A. Williams.
Minority shareholders have the same rights that every shareholder has. Generally, that means they have the right to access books and records of the company, financial information, and they have the right to attend shareholders meetings and they have the right to vote on things. When you are a minority shareholder, the majority shareholders and the officers and directors of the company might actually owe you more fiduciary duties than they would owe to other shareholders. There are some legal protections if you are the small guy to make sure that that majority shareholder can’t do too much for their own personal benefit to your detriment.
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