Kaufman & Forman, P.C.
Call to arrange a consultation
678-957-7769 | 770-390-9200
Contact Us
practice areas

Most common business partnership disputes

Many entrepreneurs realize the advantages of establishing a partnership for a business. Before pursuing anything else, partners need to come up with a resolution to determine who is responsible for which duties and how to divide shares in the event of one partner's death. 

However, over the course of business operations, disputes will inevitably arise. While legal assistance can help, it will work in everyone's best interest to try to avoid such disputes entirely in the first place. 

Authority disputes

Every aspect of the business requires a chain of command. Ideally, both partners bring certain strengths to the table, so one partner may be in charge of one area and the other partner is in charge of everything else. Disputes arise when one partner oversteps his or her boundaries and starts providing recommendations to the other on how to operate even though that partner has more knowledge in that particular field. A clear chain of command needs to be present so no one steps on someone else's ideas. 

Financial disputes

Money is definitely the biggest factor when it comes to arguments between business partners. All partners need to know about their financial obligations and rights. Again, creating a clear plan on how everyone needs to behave helps avoid a lot of confusion. Otherwise, one partner may not see the harm in using the company car for personal errands while the other remains concerned about properly using company property. 

Company objective disputes

One partner may have big plans for the future while the other wants to take things slow. Bringing on a third-party mediator who remains objective can allow both sides to share their feelings so they can reach a conclusion everyone is happy with. In the event a mediator does not aid in this endeavor, then it is time for both sides to consult with attorneys.

No Comments

Leave a comment
Comment Information

Contact Kaufman & Forman, P.C. Now

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

get Legal Help Now

Kaufman & Forman, P.C.
8215 Roswell Road
Building 800
Atlanta, GA 30350

Toll Free: 800-461-5864
Phone: 678-957-7769
Fax: 770-395-6720
Atlanta Law Office Map

Review Us

Robert Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the May issue of The American Lawyer & Corporate Counsel magazine.Alex Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the December issue of The American Lawyer & Corporate Counsel magazine.

*AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the bar and the judiciary. Martindale-Hubbell ratings fall into two categories: legal ability and general ethical standards.