The short answer is because…
Throughout my many years as a lawyer specializing in shareholder and partnership disputes, I would like to tell you that I am always surprised when a partnership and shareholder dispute arises among family members – but I am not, they occur often and in many instances can be much more intense than the typical partnership dispute. Over the years, I have given a lot of thought as to the motivations that trigger these disputes and the circumstances that take a family and a successful family business and turn everything upside down.
Unfortunately, with a lot of family owned businesses there is a lot at stake and there are many personalities battling for control, including:
The multi-generational nature of family owned businesses make them prone to partnership disputes. If you are faced with one, you need to carefully evaluate your legal options and a realistic course of action for protecting your interests. A misstep in the pre-litigation stage of your dispute (i.e., where one partner is attempting to lock-out the other or cut salaries, etc.) can have a lasting impact on your litigation strategy and the overall outcome of your legal representation.
Date: 01/02/2015 | Category: Partnership Disputes
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