Partnership Dispute Attorneys

Partnership disputes can be tricky to resolve. They involve complex legal, emotional and business considerations. They can impact not only the business itself but also the reputations and career trajectories of everyone involved. Whether the dispute arose from a disagreement over finances, decision-making or other critical issues, each partner should have skilled legal guidance.

At The Kruckemeyer Law Firm, we provide the support you need to resolve these disputes effectively. Our partnership dispute attorneys have nearly 50 years of combined experience representing Houston businesses and those across the Gulf Coast in complex business litigation. We address all business-related disputes with efficiency and a cost-conscious approach. Our team has a deep understanding of Texas law and a strong record of success in trials.

Suing A Business Partner

Deciding to sue a business partner is a serious step that requires careful consideration. It is appropriate when disputes cannot be resolved through negotiation or mediation.

Common grounds for business disputes include:

• Breach of contract: These claims allege that one or more partners failed to uphold the terms of the partnership agreement.
• Fiduciary duty violations: Claims involve breach of fiduciary duty and allege that a partner acted in their own interest rather than the partnership’s. They may involve conflicts of interest, lack of prudence and care, or other violations.
• Misappropriation of funds: These serious claims involve unauthorized use of partnership assets.
• Disagreements over business direction: Conflicts about strategic decisions or business operations can lead to a split.

Our partnership dispute attorneys handle all of these scenarios. We are highly familiar with the intricacies of partnership disputes, including cases where a group of partners sues another partner, conflicts within an LLC and other types of business breakups. We work closely with our clients to protect their interests and seek favorable resolutions in alignment with their goals.

When A Dispute Leads To A Corporate Divorce

Litigation can sometimes result in the end of a partnership, often referred to as a corporate divorce or business divorce. This process involves significant legal considerations, such as:

• Asset division: Partners must come to an agreement – or a judge must decide – on how to divide business assets, which can include real estate, tangible property, valuable intellectual property and financial accounts. This can be a contentious process, especially if there are disputes over ownership or valuation. It’s often necessary to involve financial experts to provide accurate business valuations.
• Liability distribution: Determining who is responsible for existing debts and liabilities is another important step in the business divorce process. This includes deciding how to handle any ongoing obligations or legal claims against the business as well as potential future claims.
• The future of the business entity: Partners must decide (or a judge will decide) whether the business will continue under new management, be sold or be dissolved entirely. This decision impacts employees, clients and the market presence of the business.
• Employee and client transitions: Consideration must be given to how employees and client relationships will be managed during the transition. This includes ensuring continuity of services and addressing any contractual obligations.
• Tax implications: The division and restructuring of business assets can have significant tax consequences. Partners need to understand these implications to make informed decisions.

Our partnership dispute lawyers understand these complexities and provide comprehensive support throughout the business divorce process. We help our clients evaluate their options and pursue a resolution that aligns with their goals. Whether negotiating a settlement or litigating in court, we are committed to putting our best foot forward to secure positive results that protect our clients’ business interests, reputations and futures.

Let Us Take The Lead

Working with a skilled business partnership dispute attorney can make all the difference in untangling the complexity of these high-stakes conflicts. We are highly skilled at litigation and resolving disputes between business partners. Reach out to our partnership dispute lawyers today to discuss your case and explore your options. Request your consultation today by sending us an email.