Dallas Attorneys Handling Disputes Between Business Partners
When two or more parties start a business partnership, they are generally in agreement regarding their business plan, finances, and objectives, at least in the beginning. It is not uncommon, however, for differences to emerge after the partnership is formed. Few things are as frustrating in business as a dispute between partners. The benefit of a business partnership is that those involved will bring different contributions to the table and that synergies will be the result. Unfortunately, it does not always work out that way. A disagreement or dispute can be detrimental not only to the business but also to one’s financial future. Resolving issues sooner, rather than later, will potentially prevent such damages. Our Dallas Texas attorneys have extensive experience in resolving and litigating disputes between partners of a Texas business. If you are in such a dispute, then contact our lawyers today to schedule an initial consultation.
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Dallas lawyers working to resolve disagreements impacting a business partnership
There are several types of disagreements which can arise between business partners. Examples of these disagreements include:
- Disagreements over money owed to a partner
- Disagreements over the characterization of a loan versus a capital contribution
- Possible breaches of a contract
- Fraud by one of the partners
- Embezzlement
- Breach of fiduciary duty
- Arguments over how to dissolve the business
Such disagreements can be disrupting to the ongoing business of your company. Bitter divisions between colleagues can lead to negative press coverage, loss of customers, and hurt the reputation of the business and its leadership. Hiring an attorney can assist with resolving such disputes and navigating the legal process. This allows you to focus on the more important thing –running your business. It is important that you retain counsel with an understanding of partnership law and disputes. Our firm is experienced in handling such matters and we will work to resolve your disputes as quickly as possible.
Our Dallas lawyers have a history of handling partnership disputes throughout Texas. We will immediately meet with you to analyze the situation. We will look at corporate structure, contracts, business agreements, and accounting records to determine what remedies you may have available and to best obtain such remedies. If possible, we will attempt to negotiate a solution to the problem or otherwise resolve the case without litigation to save you time and money. If litigation is necessary, then we will aggressively protect your interests and take prompt steps, such as filing an action to freeze any assets so they are preserved as the case proceeds. We make the law our business so you can focus on running your business. Our firm also serves Plano, Frisco, McKinney, Denton, Fort Worth, Garland, Irving, Austin, Houston, San Antonio, Nacogdoches, Lufkin, and Center, Texas. Contact us online or by telephone today.
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Experienced business law lawyers helping Texas residents to resolve partnership issues by preventing them
Our lawyers take a team-based approach to solving small business problems and this collaboration helps us craft creative “out of the box” solutions which save time and money. Price L. Johnson is a Certified Public Accountant as well as a lawyer and understands the types of issues faced by entrepreneurs. We understand that the best way to resolve problems is to prevent them from occurring in the first place. We provide services such as drafting partnership agreements, bylaws, and other organizational governance documents before your partnership is formed. By discussing potential disputes, establishing rules for operations, and procedures for resolving disagreements in advance, such disagreements may be avoided in the future. When your business runs smoothly, you can focus on increasing profits. If you need assistance, contact our office today.