Partnership Disputes/Business Dissolution

Dissolving a partnership or company is sometimes referred to as a "business divorce." There are certainly many parallels. The underlying conflict might stem from arguments about money or accusations of wrongdoing. Or it may simply reflect irreconcilable differences over the direction of the company. Either way, you are personally invested in both a financial sense and in the sweat equity you have poured into the enterprise.

The Barbknecht Firm, P.C., in Plano, Texas, has experience resolving and litigating disputes between business owners, partners and minority shareholders. We can intervene swiftly in these tense and fast-moving conflicts to protect your interests and analyze your options. Our early intervention can slow things down to salvage the relationship or position you for the most favorable outcome.

Buyouts And Other Solutions To Internal Disputes

Some ownership agreements dictate what happens in the event of a business divorce, such as arbitration or a triggered buyout. If not, there are more options but less certainty. In either case, you need to know where you stand so that you can insulate your personal investment or ensure that the business entity continues.

Joseph Barbknecht draws on 30 years of litigation experience to cut to the heart of the conflict and give clients in Richardson and throughout the Dallas Metroplex some leverage and control over the outcome. One solution may be for the owners to hash out the dispute and redraft the partnership agreement or shareholder/operating agreement. The alternative may be the exit of one or more of the stakeholders while the business continues. Our lawyers have handled voluntary buyout negotiations as well as hostile freeze-out and squeeze-out situations.

Negotiation And Litigation Of Business Dissolution

Sometimes, the only practical option is to dissolve the partnership or company and "go your separate ways." As in a divorce, each co-owner is entitled to an equitable share of the assets in accordance with their roles and personal investment in the business. We are attuned to related considerations, such as "custody" of clients or customers, personal exposure to liabilities of the company, and tax and reinvestment ramifications of a buyout or dissolution.

In buyouts and dissolutions, we complement our in-house expertise with outside professionals such as business valuation specialists, commercial real estate appraisers and forensic accountants. Our attorneys are well-versed in the issues and how to assert your best interests in alternative dispute resolution, negotiation or at trial.

The Barbknecht Firm is located in Plano and provides comprehensive business services to clients in Collin and Dallas counties. Joseph Barbknecht has also litigated cases in more than 150 counties across Texas and in state and federal courts in other U.S. jurisdictions.

Call 972-312-1510 toll free or contact us online to make arrangements to discuss a partnership dispute in a free consultation.