Partnership disputes can happen at any business. While these disputes can undermine the value of your equity interests and put your whole business in jeopardy, they are manageable if proper steps are taken in a timely manner. Often, identifying the problem, collecting information and opening communication can prevent future disputes. When an open dialogue is insufficient, there are other reactive measures that can help you resolve the dispute. Here are a few measures that will help you manage your partnership dispute:
The best course of action for you and your business will depend upon a number of different factors. You must consider your percentage in the equity interest, whether or not you control significant influence over critical assets, the terms of your partnership and the actions of your partners. If you feel that your partners have violated their fiduciary duties, it may be time to consider your legal options. Early intervention is crucial to coming to an amicable resolution for you and your business. Please contact experienced business attorney Charles N. Internicola at The Internicola Law Firm, P.C. to better understand your rights and options.
Category: Partnership Disputes
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