Like marriages, business associations are meant to endure, but at some point they may fall apart for a host of different reasons. If you formed a partnership or corporation with one or more colleagues but feel it’s time for one of you to move on, you might be ready for a business divorce. As in a dissolution of marriage, you will need to protect your rights and property as you transition to the next stage of your professional life. At Hemmer DeFrank Wessels, PLLC, our business attorneys are adept at negotiating smooth exits that can keep the organization viable while fairly compensating the parties involved. We draw on decades of experience to counsel our clients and to advocate strongly for the best possible outcome.
A business divorce is appropriate when owners are in conflict over core issues affecting their company. These can include:
When a business owner feels frustrated, deceived or marginalized, continuing in their role becomes untenable. It’s often best to cut ties and start over. However, an owner’s exit can be more complicated than you might expect, which is why you should consult an experienced business law attorney.
Whether an owner is leaving a business voluntarily or is being removed, there are three basic ways to proceed:
Each scenario presents challenges, but our experienced business litigation attorneys are adept at finding creative solutions that overcome impasses.
In a buyout or a sale to a third party, the major issues to be resolved include:
To navigate all of these crucial issues, you and your company need trustworthy guidance from knowledgeable business attorneys. That’s precisely what we offer at Hemmer DeFrank Wessels, PLLC.
The experienced business attorneys at Hemmer DeFrank Wessels, PLLC helps business clients manage a multitude of issues surrounding business divorce. To schedule a consultation, call us at 859-344-1188 or contact us online. Our offices are conveniently located at 250 Grandview Drive, in Fort Mitchell, Kentucky.