What are Control Disputes?
Control issues arise in all business enterprises — corporations, limited liability companies and the various types of partnerships. Restoring balance requires creative solutions and negotiating from a position of strength. If the entity cannot survive the turmoil, dissolution can get nasty and messy. In either case, you will need forceful representation from an experienced Austin business attorney.
Control Disputes: Reconciliation or Business Divorce?
The issue is who is going to control the money, the management of the company, the money, votes on important matters, the money and the money. That is, conflicts typically arise when one business partner or a bloc of shareholders attempts to take another out of the picture for financial advantage.
Emotions run high in a squeeze-out situation. The party trying to gain control may have formed side relationships with key suppliers and customers and threatened to start their own company.
I work to get everyone to calm down and look realistically at the options:
- Find a compromise on management and sharing of gains
- Negotiate a peaceful buyout
- Proceed with litigation, and, when necessary, to trial
Disbanding a business partnership is almost literally like a divorce. The assets are liquidated or divided equitably and liabilities apportioned. Expert valuations may be needed. And the parties in conflict need clear-headed counsel.
If there is evidence of embezzlement, siphoning of clients or other breach of loyalty to the business, I will vigorously press a lawsuit on behalf of my client.
Contact Austin, Texas Business Attorney, John McDuff
I am an Austin, Texas trial lawyer with wide experience in business partner and corporate disputes. I have handled control litigation in Austin, and, on some occasions, across Central Texas. Arrange a consultation to discuss the specifics of your control dispute. Call 512.457.1177 or reach me online. I return phone calls and e-mails promptly, if not immediately.