DISPUTES

PARTNERSHIP, OWNERSHIP DISPUTES 

 

Los Angeles Business Attorney Unfolds Partnership, Ownership Disputes 

 

Businesses, just like marriages, have a tenancy to breakdown leaving the owners of a partnership, corporation, or limited liability company (LLC) at odds with each other. Partnership, ownership disputes are nothing new, and as long as there are businesses there will be partnership, ownership disputes. Partnership, ownership disputes arise for a variety of reasons a few examples are: 

 

  1. Dispute over business decisions; 

  2. Dispute over duties of the partners or owners; 

  3. Dispute over financials; 

  4. Dispute whether business should consider to operate; 

  5. Dispute as to potential new members to the partnership, corporation, or limited liability company (LLC) 

 

If your partnership, corporation, or limited liability company (LLC) is experiencing disputes that impact your partnership, corporation, or limited liability company’s (LLC) operations, then you should retain counsel to represent you as an individual owner immediately. Remember that the company attorneys do not, and should not represent the individual owners of the partnership, corporation, or limited liability company (LLC). 

 

You have invested a lot of time and money into your partnership, corporation, or limited liability company (LLC) be sure that you know your rights and are represented during any partnership, ownership dispute. Call us at (213) 784-3640 to schedule your free consultation today. 

 

Partnership, corporation, and limited liability company (LLC) owners have fiduciary duties and obligations under California law. The fiduciary duties do not only apply to the partnership, corporation, or limited liability company (LLC) but also opportunities that may relate or impact your partnership, corporation, or limited liability company (LLC). You must know your rights, obligations, and potential remedies when in a partnership, ownership dispute.  

 

Ideally, your partnership, corporation, or limited liability company (LLC) would have had its partnership agreement, bylaws, or operating agreement, and buy-sell agreement drafted and agreed to by all owners. The initial ownership agreements, if properly drafted, should account for a number of situations and have prescribed avenues to resolve any disputes. This is exactly why it is advised to have all the ownership agreements executed when the business is formed.  

 

However, if your partnership, corporation, or limited liability company (LLC) did not have any ownership agreements drafted or in place, then you will have to defer to the CaliforniaCorporations Code. You may be able to resolve the issue with mediation or arbitration if the parties agree to it, but if you do not then the possibility of dissolving the company may arise. 

 

The Law Office of Eric J. Proos, P.C. has handled ownership, partnership disputes for partnerships, corporations, limited liability companies (LLC), and joint ventures. We understand what it takes to resolve the disputes, how to navigate operating agreements, partnership agreements, bylaws, and buy-sell agreements. We want your business to survive, but if that is not possible, we can assist with the dissolution of your business as well. 

 

Call Los Angeles business attorney, Eric J. Proos, at (213) 784-3640 today to discuss your situation. We will apply our years of experience working on ownership, partnership disputes (AKA business divorces) and actual divorces to help our clients achieve their goals. 

 
 
 
 
 
 
 
 
 
 
 
 
Contact Us

© 2020 by EJP Law.

  • LinkedIn