Los Angeles Partnership & Ownership Disputes Lawyer
Owners of California corporations, partnerships, and limited liability companies enjoy numerous advantages from a business structure point of view. They are relatively easy to start up, are quite flexible, and allow stakeholders to share in costs, risks, and profits. Unfortunately, some of these benefits may be overshadowed by the negatives: According to The Balance Small Business, 70 percent of these organizations ultimately fail, often because of partner and ownership disputes that can destroy the company from within.
At the Obagi Law Group, P.C., our lawyers understand the concerns of business partners and owners when disputes arise. We are dedicated to exploring and advising you on options to resolve disagreements, depending on the goals you aim to achieve. Please contact our firm to schedule a consultation with a Los Angeles partnership & ownership disputes lawyer, and read on for some background information about the relevant legal concepts.
Common Causes of Disputes Among Owners
Stakeholder disputes often stem from the lack of an agreement among owners or failure to specify the terms of owners’ relationships. As such, partners may encounter conflicts related to rights, responsibilities, control, management structure, daily operations, and many other topics. The most common factors behind partnership and owners’ disputes include:
- Issues over whether a partnership was actually formed by law, as opposed to filing official documentation;
- Fraudulent activity and misrepresentation;
- Breach of employment contract, when a stakeholder is a key employee;
- Conflicts of interest;
- Misappropriation of funds or assets; or,
- Diversion of business opportunities.
In some cases, the partnership dispute is not quite as clear-cut because it involves a disagreement over visions for the company’s growth or expansion. If not addressed in a timely, appropriate fashion, these conflicts threaten current business operations – and may even destroy the organization completely.
Our Team Can Assist with Resolving Partnership Disputes
Business stakeholders can take advantage of multiple ways to resolve disagreements, some of which do not require going to court. The Obagi Law Group, P.C. can advise you on several options, such as:
Accounting Requests: At times, disputes are the result of misunderstandings about where resources are being expended. By requesting an accounting, all partners will be on the same page.
Negotiation: Some partnership disagreements can be resolved when attorneys step in to explain the relevant legal concepts and take emotion out of the picture.
Mediation: Professionals who are trained in the arts of mediation can facilitate agreement and productive conversation among owners, which can lead to compromise.
Dissolution: It may make sense to dissolve the business under certain circumstances.
If there are no appropriate non-litigation alternatives, we are ready to protect your interests in court.
Speak to Our Los Angeles Partnership & Ownership Disputes Lawyers Today
If you are a stakeholder in a California business and need legal help, please contact the Obagi Law Group, P.C. at 424-284-2401 right away. We can set up a consultation with a partnership and ownership disputes attorney to learn more about the details. Once we review your circumstances, we can develop a strategy for resolving disagreements.