Wade Law Group
offices Throughout california Call for a location near you
855-656-7590

Could your business be headed for a partnership dispute?

When you started your California business, you were probably excited for the future and full of plans about how your business would achieve success. If you started your company with another person, you and your partner probably started out on the same page, wanting the same things and pursuing the same goals. It is not always easy to maintain a business partnership long term.

Sometimes, disagreements between business partners escalate to disputes that necessitate legal action. It is possible to take steps to avoid this situation, starting with understanding what factors sometimes make it difficult for partners to work together for the duration. You may also want to learn more about what you can do to protect the interests of your business in the event that you find yourself in a legal battle with a partner.

Reasons why it may break down

It is not easy to run a business with another person. Money trouble, fights over operational approaches, personnel issues, future growth goals and other issues can lead to significant disagreements with the other owner. This is especially common for partners who have watched their business grow and change dramatically. Some of the most complex legal and financial aspects of a partnership include:

  • It is not possible to transfer one partner's share of the business over to the other unless all remaining parties agree. This can make it difficult for one partner to leave.
  • Individual partners are exposed to liability for decisions made by all the other partners as a whole.
  • A partnership is not always stable because the death, retirement or resignation of one partner can immediately dissolve it.
  • In a partnership, it is sometimes unclear who has authority to make decisions and move ahead with important aspects of company operations.

These examples illustrate why it is beneficial to give careful consideration before entering a partnership. If you are already in a partnership and it is no longer working, you may want to explore the various ways you may be able to protect your company and long-term stability

The future of your business

When it is your long-term company interests on the line, you understand how important it is to handle issues with your partnership quickly and effectively. You may find it beneficial to reach out to an experienced business law attorney regarding how you can avoid litigation or fight for a successful outcome if litigation is the only option.

No Comments

Leave a comment
Comment Information

Call 408-842-1688 or toll free at 855-656-7590 or send a confidential email to request a case evaluation. Office locations located all throughout the state.

Get In Touch With Us Today

As litigation attorneys in San Jose, we have handled complex cases and obtained real results for individuals throughout the Bay Area and beyond.

Whether you are a business owner who needs help resolving a breach of contract dispute or a parent looking for skillful guidance regarding a custody dispute, let a skilled, successful team of attorneys help you.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Our Locations

San Jose Office
84 West Santa Clara Street
Suite 750
San Jose, CA 95113

Toll Free: 855-656-7590
Map & Directions

Mountain View Office
800 West El Camino Real
Suite 180
Mountain View, California 94040

Toll Free: 855-656-7590
Map & Directions

San Mateo Office
951 Mariners Island Blvd
Suite 300
San Mateo, California 94404

Toll Free: 855-656-7590
Map & Directions

Gilroy Office
8080 Santa Teresa
Suite 240
Gilroy, California 95020

Toll Free: 855-656-7590
Map & Directions

Oakland Office
1901 Harrison Street
Suite 1100
Oakland, California 94612

Toll Free: 855-656-7590
Map & Directions

Alameda Office
1101 Marina Village Parkway
Suite 201
Alameda, California 94501

Toll Free: 855-656-7590
Map & Directions

San Francisco Office
One Market, Spear Tower
36th Floor
San Francisco, California 94105

Toll Free: 855-656-7590
Map & Directions

San Francisco Office
1700 Montgomery Street
1st Floor
San Francisco, California 94111

Toll Free: 855-656-7590
Map & Directions

Alameda County Satellite Offices:
San Francisco County Satellite Offices:
Email Us For A Response

Visit Our Social Media Sites

Bold labels are required.