Disputes between shareholders or partners typically revolve around who controls the company’s business and how profits, tax consequences, salaries and other benefits are distributed. Other disputes arise concerning how a departing partner’s interest is redeemed when he or she departs the business.
Partnership agreements can control this process, but other times the relevant statutory framework prevails. It can be a complex process, requiring counsel and economic experts.
Whether it’s clashing egos, a poorly written partnership agreement, differing opinions of value, or a stressful business climate, every partnership has its own unique dynamic requiring careful consideration and skill.