Disputes Between Owners of Partnerships, LLCs, and Corporations

Business disputes can arise in various ways. For example, in small or closely held entities like partnerships or LLCs, people often agree to start a business together without putting everything on paper at the beginning. As a result, disagreements on making decisions, management, and ownership tend to accumulate over time. As a result, they reach a critical point preventing further normal business development, and a dispute between the owners may end up in court.

Partnership Disputes

Such situations often happen in the case of partnerships because it is one of the most informal types of business. General partnerships don’t have to be registered or even formalized in any way. Instead, there is a partnership where two or more people are doing their business jointly as owners for profit. Moreover, people may not be aware that they are in a partnership relationship. This situation can be very detrimental to the short-term and long-term success of your business. Accordingly, the sooner you contact a corporate disputes attorney, the better

LLC Member Disputes

Similar issues may arise in the case of LLC member disputes. Although any LLC must be registered, the process of registration is not that complicated. Thus, it’s not unusual when an LLC Operating Agreement is nonexistent or done based on a template without considerable improvement and customization. In such a situation, the relation between LLC members (owners) is not regulated in the LLC documents as they are supposed to be. Instead, one can figure them out almost exclusively based on the statutes and legal precedents governing these business structures. That is why in case of an LLC member dispute, you will need the help of a corporate attorney right from the very beginning.

Corporation Shareholder Disputes

Corporations are usually better-structured entities with their Articles of Incorporation and Bylaws, where the corresponding corporate hierarchy is established. A corporate structure usually includes an annual shareholder meeting, a board of directors, and corporate officers like the President, CEO, CFO, etc. The most important questions are decided at the shareholder meeting. However, some questions cannot be solved by voting in a shareholder meeting. If disputes between corporate shareholders persist, they often cannot be resolved without a corporate lawyer. Corporate shareholder disputes vary significantly depending on the type of corporation (private or public), dispute subject matter, and many other things.

How Can We Help?

We can help you in any shareholder dispute, be it a partnership, LLC, or corporation in New York State. Based on the thorough analysis of your situation, origin, and nature of the dispute, we will suggest the best strategy and step-by-step plan to protect your interests. Therefore, it is vital to act without delay as soon as you become aware of the shareholder disputes that affect you. The sooner you contact us, the better chances you have to protect your interests.