What are the best, proven strategies to resolve your LLC member dispute? Are you in the midst of a dispute with another owner of your small business? This will distract you and your partner from the principle focus of running and growing your business and ultimately it can impact the business itself. The first step is to contact an experienced San Diego LLC member dispute resolution attorney at the Watkins Firm. We will work with you to get to the core issue(s) associated with the dispute and develop a strategy to effectively negotiate a resolution that meets your goals and objectives for the situation.
There are a multitude of reasons why co-owners in an LLC become involved in internal disputes. What is important is to get the issues out on the table, and facilitate a candid conversation while protecting the nature of the underlying relationships. In many cases, members in an LLC are relatives or close friends, and the business dispute threatens not only the smooth operations of the LLC, but the relationship itself, as well as relationships surrounding it. Our attorneys are experienced dispute resolution experts who can make the conversation more “neutral” while helping to provide insight into the issues at hand, and suggestions to resolve your LLC member dispute and repair the relationship.
In situations where a dispute has reached the point where the parties are not able to find common ground, it may be necessary to negotiate a resolution that includes the departure of one of the co-owners. How do you attract a professional with the appropriate skill set to replace the departing member? How will you compensate the departing member for their ownership interest in the LLC? Our unique approach to disputes is designed to accomplish a San Diego LLC member dispute resolution in the shortest possible time frame and with the minimum of expense.
Pro-Tip: “Individuals are often marred down in the details of the dispute. So they’re married to every little fact. And if they have any kind of good business skills, we can coach them, give them the law in layman’s terms so that when they negotiate, they’re negotiating with the knowledge of what we would say and even more facts. So, in some ways, they can actually be better than us.
I have an example of a client. I told them, you’re never going to get a better least negotiation than this. It’s not possible. And, so we had long discussions about it. I gave him all the law, strategies, what’s going to happen if this happens. So what happens if that happens? And he went and talked to the other side and got twice the deal I could have ever gotten. And to this day, we just joke. I often say, ‘I wish you were a lawyer. I’d hire you in a minute. Because you’re the best negotiator I’ve ever seen.’
However negotiations between two people are often complicated by personal matters. And when you talk with somebody like your wife, like anyone you’ve had any kind of relationship with, just because you believe what you’re saying is correct doesn’t they mean that there’s not emotion involved there, right? And you have to understand that. So person to person negotiations can only go so far. And then when you have somebody speaking representative to representative. Well, the two representatives aren’t going to have hurt feelings. We’re going to be able to work past hurt feelings and look at the bottom dollar line. And also look at the bottom line with business going forward, seeing if there’s a way to heal it, or if there’s nothing to heal, giving our client good advice.” – Dan Watkins, Founding Partner
Prevent expensive and time consuming litigation. If you are searching for a way to resolve your LLC member dispute we invite you to review our podcast Episode 11 – Resolving Business Disputes as well as the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.
There is a path through this, and we will work with you to understand your objectives and develop a strategy to protect your interests and position you to move forward.