Businesses should be run with honesty and integrity. This means that shareholders and others who have an interest in the business should be able to expect that business operations will run smoothly, and financial matters will be handled appropriately.
That said, we all know that things go wrong, which is what may have led you here, especially if you think that a fiduciary duty has been breached, resulting in financial harm to you, your business, or both.
Proving your breach of fiduciary case
A fiduciary is an individual who is in a position in which they have a legal duty to faithfully care for another’s property.
When your fiduciary breaches their duty and puts his or her financial interests first, then you and the business can take a significant hit.
If you want to recover any financial losses that have been caused, then you need to know how to prove a breach of the fiduciary duty.
How do you do that? Here are some steps that you can take to build your case:
- Assess your relationship with the individual in question to make sure that you can appropriately argue that a fiduciary duty exists
- Scour financial records to look for inconsistencies
- Consider using a forensic accountant to identify any misappropriations or other inappropriate financial actions
- Talk to the fiduciary to obtain his or her justifications for taking certain actions
- Track your damages so that you can adequately prove them once you file your claim
Thoroughly build your case
There are a lot of complexities involved in a breach of fiduciary case. And with so much on the line, you owe it to yourself to build the comprehensive and persuasive case that you need.