There are as many reasons for disputes between members in an LLC in San Diego as there are LLCs in San Diego. The key to a business dispute is not to ignore the problem, but to take action to resolve it. What happens when there is a dispute between co-owners of a business? The first document that should answer this question is the operating agreement, a part of the corporate documents that should have been a part of the formation of your LLC. The operating agreement should specify remedies for many common issues that arise between members in an LLC including:
- What happens when a major life event occurs (divorce, bankruptcy, disabling illness, death)
- Valuation of a Member’s Interest in the LLC
- How to Handle Members Who Commingle Funds and Assets
- What Happens When One of the Parties is Unable or Unwilling to Fulfill Their Role
- Inability to Contribute Needed Capital (Capital Call)
The business dispute resolution attorneys at the Watkins Firm have decades of experience resolving these challenges, and helping members of an LLC to find common ground, resolve disputes and move forward with their business. We can help to modify corporate documents such as the operating agreement, and represent members in an LLC in each phase of a dispute including: negotiation, mediation, arbitration and litigation. Most disputes are settled, and our attorneys employ leveraged negotiations to establish a productive working atmosphere that is designed to get to the root of the issue(s) and develop options that will resolve the dispute.
Disputes between members in an LLC in San Diego distracts business owners from the important focus of business development and managing existing business. If you are involved in a dispute with a co-member in an LLC we invite you to contact us for a free and substantive consultation at 858-535-1511. Learn about our unique approach to resolving disputes, and how we work to resolve them as quickly and cost-effectively as possible.