Business Divorce
Navigate the Complexities of Business Divorce
Dissolution of a business entity can be a challenging and emotionally charged process. Whether due to irreconcilable differences among business partners or shareholders, changes in strategic direction or other factors, business divorce requires careful consideration and strategic guidance. Our experienced attorneys specialize in guiding clients through the complexities of business divorce, protecting their rights and interests while preserving value and minimizing disruption.
What is Business Divorce?
Business divorce, also known as corporate dissolution or partnership dissolution, refers to the legal process of unwinding a business entity due to irreconcilable differences among owners or shareholders. This process involves the dissolution of the business entity, the distribution of assets and liabilities and the termination of business operations. Business divorce can occur in various types of business entities, including corporations, partnerships, limited liability companies (LLCs) and joint ventures.
Our Approach
At Isenberg & Hewitt, our approach to business divorce is focused on achieving equitable resolutions that minimize conflict and preserve value for all parties involved. We work closely with business owners, executives and stakeholders to develop customized strategies tailored to their unique circumstances and objectives. Our attorneys have extensive experience in negotiating and litigating complex business divorce matters, including disputes over ownership interests, asset valuation, debt allocation and post-dissolution obligations.
Types of Business Divorce
Business divorce can take various forms, including:
- Buyouts: One or more partners or shareholders may buy out the interests of the departing party, allowing the business to continue operations with the remaining owners.
- Liquidation: In cases where a business cannot continue operations profitably or where the owners cannot agree on a buyout, the business may be liquidated, and its assets distributed to the owners.
- Restructuring: In some cases, business divorce may involve restructuring the business entity or reorganizing ownership interests to address underlying issues and preserve value.
Minimize Conflict and Preserve Value
If you’re contemplating a business divorce or facing disputes among business partners or shareholders, contact Isenberg & Hewitt today. Schedule a consultation with one of our experienced attorneys to discuss your case and explore your legal options.