Business Divorce

Cutting Ties?  Navigating a Business Divorce

Whether you’re ending a business, trading your partner in for a newer model, or launching your solo career, business divorce can be tricky.  Unfortunately, it’s not as simple as closing doors, waving goodbye and deciding who gets the coffee maker.

It’s important to set a clear roadmap for the future, and to reflect on the past in order to determine your next step.  Sometimes this means having clear conversations with the partner you’re parting ways with and working together to resolve any outstanding items.  Other times, things don’t go according to plan and you find yourself facing a business dispute.

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Business owners must also deal with

  1. The company’s assets;
  2. Sale or dissolution procedures;
  3. Partnership, operating or shareholder agreement mandates;
  4. Bank accounts; and
  5. Debts and a slew of other concerns that make the whole enterprise more complex than at first glance.

Luckily, an experienced business attorney can guide you through the process of what to look out for and what the law requires.  We can help businesses of all levels navigate the labyrinth of a business divorce, and advocate for your interests while maintaining a practical approach.

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