Atlanta Business Divorce Lawyers

Helping Business Owners Going Through Major Changes

Like any other relationship, breaking up with a business partner can have significant repercussions. Whether ending the business partnership was your choice, the other person’s idea, or a mutual agreement, you should know your legal rights and duties. Some signs that your partnership may be heading toward its end include having different goals, work styles, or preferences regarding fundamental business decisions.

If you are considering a split from your business partner, you should speak with a legal professional as soon as possible to ensure you are protected legally and financially. Good contracts can prevent potential disputes and help resolve issues you’re currently facing. A business divorce attorney like those at our law firm will happily review your current contracts or help you draft new ones to give you the protection you need.

At Oliver Hughes LLC, we understand the critical nature of business partnerships. We have helped many clients in the Atlanta area navigate the dissolution of their partnership, and we will apply that knowledge and experience in your case. We’ll walk you through the steps of splitting from your business partner, including asset division, liability protections, and more, so you can maintain your company’s reputation and ensure your future success. Call 770-230-1447 for your free 30-minute phone consultation with our caring legal team.

Common Reasons for Business Partnerships to Break Down

If you are uncomfortable with the division of decision-making power, workload, or communication in your partnership, it could be a sign that you need to end the relationship. Other issues could result in the partnership dissolving, such as if a partner retires or passes away.

Some of the most common causes we see for business partnerships ending include the following:

A partner dies, retires, or becomes incapacitated due to illness or injury
Partners engage in illegal activities
Breach of contract
Incompatible working styles
Changes in partners’ goals
Disagreements about fundamental aspects of running the business
Refusal to collaborate and compromise
One partner fails to contribute a fair share of the workload
Communication failure, such as not being able to discuss topics without arguing

Whatever the reason for your partnership’s struggles, it is crucial to have legal representation. Contact our compassionate business lawyers for counsel and representation at this critical time.

Legal Strategies for Resolving Business Disputes

When you have a dispute with a business partner or associate, it can be troubling and stressful. You may worry about how the matter will affect your company’s ability to provide excellent services or products. The good news is that a dispute doesn’t have to impact your company’s success negatively. Hiring a skilled business lawyer is an excellent step in resolving the dispute without affecting your business.

One of the most important things to remember when facing a dispute is to act early. Waiting to seek arbitration or take legal action can cause further damage to your profits and reputation. You can also improve your chances of a favorable outcome by keeping detailed records of communication and interactions with the other individual. Finally, an excellent legal strategy is having solid contracts to specify each party’s duties and describe what will happen if the contract is breached.

When you hire Oliver Hughes LLC, we’ll discuss the details of your case and give you the counsel you need regarding your specific situation. Don’t go it alone with so much at stake. Call us to discuss your urgent legal matter with our caring, capable legal team.

Avoiding Common Pitfalls in Business Divorces

Entering a partnership is a leap of faith. Most people don’t expect the partnership to fail, but sadly, this is sometimes unavoidable. You could face certain legal issues if your partnership agreement needs to be dissolved. Taking action now can help you avoid some of the risks of ending your business partnership.

Some examples of pitfalls business partners often experience when ending business relationships include:

Ignoring each person’s legal rights during property division
Failing to appraise business assets at present fair market value, including understanding the differences between the market-approach method and cost-approach method
Failing to take accurate financial information
Not having adequate contracts to protect yourself during a breach of fiduciary duty or other partnership duties
Failing to create an exit strategy for the partnership dissolution
Not protecting your interests by hiring a business divorce lawyer

When facing the complex process of ending a business partnership, you need to protect your ownership interest and rights related to your company. Our team has helped with numerous business evaluation cases, and we can identify accurate values for your business assets. Contact Oliver Hughes LLC for talented attorneys who will watch out for your business interests during disputes and business divorces.

How Our Law Firm Can Help With Your Business Divorce

Pay attention to the warning signs if your relationship with a business partner is failing. Contact a knowledgeable business divorce lawyer like those at our law firm for counsel on resolving disputes and getting a business divorce. We will analyze your unique circumstances to help you make the best decisions possible when resolving your partnership issues. We will also investigate, if necessary, and present evidence that your partner violated their agreement.

If you have questions or concerns about a business partnership and are considering a break-up, please call our divorce attorneys. We work tirelessly to resolve disputes without taking the matter to trial. If going to trial court is necessary, we’ll provide aggressive representation to get you the best results possible. Call now to speak with our talented, compassionate legal team about your business matters. You can reach us at 770-230-1447.