If it is Time to Take Legal Action, The Cotterall Law Firm Can Help
Even with the best-laid plans and the best of intentions, many business partnerships eventually fall apart. Partnership disputes can create a significant amount of stress, and they can jeopardize the business if the partners are unable to work together for the benefit of their clients or customers. If you and your business partner are unable to come to terms, call The Cotterall Law Firm to get experienced legal representation for your partnership dispute in Tallahassee, Florida.
Understanding How Partnerships Work
Unlike a corporation or limited liability company (LLC), you do not need to file any paperwork in order to legally form a partnership in Florida. In fact, you do not even need to have a written partnership agreement. All it takes to form a partnership is for two or more individuals to go into business together without forming a corporation or an LLC.
Of course, there are certain benefits to forming a limited partnership with the Florida Department of State, and a written partnership agreement can help proactively address many of the issues that can lead to messy partnership disputes. However, regardless of the nature and structure of your partnership, it is possible for many different types of complicated disputes to arise.
Common Issues in Partnership Disputes
The issues involved in partnership disputes can run the gamut from contract-related issues to embezzlement of partnership funds. At The Cotterall Law Firm, we have experience helping our clients find effective, efficient solutions to all types of partnership disputes. We are available to assist with issues such as:
- Breach of the terms of a written partnership agreement
- Breach of partners’ fiduciary duties
- Disputes regarding ownership rights and control
- Disputes regarding rights to distributions
- Misuse, waste and theft of partnership assets
- Revealing trade secrets and confidential information
- Terminating partnership rights and admitting new partners
In many cases, issues arise in connection with certain events or at certain stages in the business lifecycle. For example, disputes often arise during periods of unprecedented growth, during challenging economic times, and in connection with acquisitions and sales. However, there are no circumstances that are immune to disagreements, and experience shows that there is no issue too small to lead to a major dispute.
Conflict Resolution for Partnership Disputes
While some partnership disagreements are destined for the courtroom, at The Cotterall Law Firm, we focus on helping our clients find more-efficient, less-costly means of resolving their disputes. In many cases we are able to help our clients work through their differences, and this can be greatly preferred to spending years tied up in court. Especially for family-run businesses and other small businesses here in town, it can often be in all of the partners’ best interests to try to find common ground instead of immediately resorting to contentious litigation.
Contact The Cotterall Law Firm About Your Tallahassee Partnership Dispute
If you are involved in a partnership dispute, call The Cotterall Law Firm for a complimentary, confidential consultation. Attorney Bill Cotterall brings nearly 15 years of high-level legal experience to representing local business owners in the Tallahassee area. To speak with Tallahassee partnership dispute lawyer Bill Cotterall about your dispute, call (850) 391-9730 or contact The Cotterall Law Firm online today.