A legal dispute between business partners can put the business itself at risk, while distracting the company from profitable operations and growth. If you have business partners who are either fellow members in an LLC or shareholders in your corporation and a dispute erupts how should you handle it? The attorneys at the Watkins Firm have helped business partners to resolve disputes for decades here in San Diego. The steps involved with resolving a legal dispute between business partners include negotiation, mediation, arbitration and business litigation.
There are many reasons why business challenges or a major personal life event can lead to a legal dispute between business partners. What happens if one of the ownership members or shareholders is going through a divorce? How will that impact the business? What happens when one of the parties dies or becomes incapacitated? From time to time business owners are required to contribute additional business capital to the venture. What happens if a fellow owner can’t meet their capital contribution requirement?
Most of these issues should be clearly addressed in the operating agreement or shareholder’s agreement, but many LLCs and corporations are founded using downloaded forms. These quick and inexpensive solutions leave substantial legal holes that make a dispute between the parties much more time consuming, expensive and difficult to resolve.
You need the experienced and proven San Diego business dispute attorneys at the Watkins Firm. Our attorneys work with you to understand your goals and objectives for the situation, and work diligently to accomplish these in the fastest possible time frame and with minimal expense. We invite you to review the strong recommendations of our clients and contact the Watkins Firm or call us for a free and substantial consultation at 858-535-1511. Ask about our unique approach to partnership disputes which is designed to resolve the issue(s) at hand in a timely and cost-effective manner.