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Tampa Bay Attorneys
Experienced in Business
Law & Litigation
Although trite, the saying that a business partnership is like a marriage is often correct. Partnership disputes will happen, and they can lead to lost profits or the end of the partnership. However, with careful planning, business partners can prevent unfortunate outcomes. The best way to handle disputes is to have a written agreement from the start that spells out your rights and obligations with respect to your business partners, as well as the method by which disputes must be resolved.
Anyone thinking about forming a business partnership should have a written partnership agreement even if (or especially) if your partners are close friends and family members. Like a marriage, communication is critical. A good partnership agreement leads to proper communication between partners. Partners must have a clear understanding of how to treat business assets, opportunities and liabilities. In addition to specifying roles, partnership documents lay out a plan for what will happen if there are changes among the individual partners or if the business shuts down. People can leave, move or even die; therefore, buyout provisions are critical.
Business partners have fiduciary responsibilities to each other and to the business. There are many causes of partnership disputes, but some of the most common reasons are:
Our Tampa attorneys are experienced at resolving partnership disputes with or without court intervention. When emotions run high, it may be difficult to think rationally and communicate effectively. It is our job to communicate your interests to the other side. We realize that bad blood between partners can destroy the business. Settling a dispute requires more than just evening past scores─it is about placing you in position for success down the road.
When business partners cannot settle their differences, Lieser Skaff Alexander can help dissolve the partnership via the following:
If you are forming a partnership, let the attorneys at Lieser Skaff Alexander help you draft a solid partnership agreement. If you are anticipating a partnership dispute, then let us help you resolve the matter. Our law firm can explain your rights and duties associated with the partnership. Do not allow a partnership dispute to ruin your business and your investment into the business.