The term “partnership dispute lawyer” makes it sound like someone you need only after you get into a disagreement. But actually, there is a lot a partnership lawyer can do for you even before you start your business. By seeking good legal advice at the outset, you can actually avoid a lot of partnership disputes down the line.

A common reason you may need to sue a business partner is to enforce the terms of a contract. You may have more than one contract with your partner.

Misusing Partnership Assets

Some partners are not good at keeping their own assets and funds separate from the business. For example, they may use the company credit card to pay for their own personal bills. Or they may use your equipment or take your products for their own personal use without accounting for it. This can drain your company of much-needed cash flow, cut into your profits, or prevent you from fulfilling your obligations to investors.

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What Are the Rights of Minority Shareholders in Private Companies?

If you’re minority owner of a privately held company, a shareholder rights attorney can help you understand your benefits and protect your rights. Minority shareholders are those who hold less than 51% of the shares in a corporation. Both publicly traded and privately held companies have shareholders. However, the rights of minority shareholders in closely held corporations may be...

What Are the Elements of a Valid Breach of Contract Claim in Michigan?

Contracts are essential in the business world. They govern things like sales, services, employment, payment of debts, and more. Contracts help make your business transactions predictable. If someone contracts with you to provide a good or service, you should be able to count on them to follow through. Unfortunately, whether intentionally or unintentionally, not everyone comes through on their...

Why Hire a Law Firm for Disputes in the Automotive Industry

When disputes arise involving the automotive industry, businesses and individuals can protect their interests by seeking guidance from an automotive industry law firm. As the “Automotive Capital of the World,” it’s hard to overstate Michigan’s reliance on the auto industry. In 2019, the Detroit Regional Chamber reported that the automotive industry contributes $225 billion to the state’s economy each year, supports...

Dissolving a Business Partnership Without an Agreement?

It is highly recommended that you have a written partnership agreement any time you establish a business partnership. Nevertheless, many small businesses operate without one. If you get along well with your partners, you may feel that a partnership agreement is unnecessary. However, leaving a partnership without an agreement can be challenging. If your Partnership Agreement does not include...

Suing Your Business Partner

The Most Common Reasons for Lawsuits in Closely Held Companies Just like with a marriage, no one enters a business partnership expecting it to break down. Unfortunately, despite your best efforts, serious disputes sometimes arise between business partners. In many cases, you may be able to reach a resolution and move forward with your business. In other cases, more...

What Is Business Litigation?

Litigation begins when someone files a complaint with a court or an administrative agency. Depending on your case, the litigation process can include: Business litigation law is complex. It involves combing through myriad documents, consulting experts, investigating evidence, interviewing witnesses, drafting and responding to numerous motions, and participating in court proceedings. It can also drag on for years, especially...

Enforcing a Breached Non Solicitation Agreement in Michigan

It takes time and money for any business to develop a client base. When a former employee then tries to take those clients away, it can be financially detrimental. Non solicitation agreements are enforceable in Michigan and can help businesses protect one of their most valuable assets—their clients. What Is a Non Solicitation Agreement? A non solicitation agreement prohibits...

Three Common Shareholder Lawsuits

When you invest in a corporation, you expect it to act in the best interest of its shareholders. But what happens when the corporation’s leadership does not seem to have its shareholders’ interests in mind? Shareholders may be able to enforce their rights and the rights of other shareholders through litigation. Shareholders have several options when it comes to...

Shareholder’s Right to Inspect Company Documents

Shareholders of large and small companies have a right under Michigan law to inspect company documents and records. Shareholders are entitled to inspect the company’s financial books and records, including, but not limited to, financial statements, shareholder lists, corporate stock ledgers, and meeting minutes. If you’re a shareholder that has been denied access to company documents, contact our shareholder...

The Most Common Reasons to Hire a Business Partnership Dispute Lawyer

No matter how amicable your business partnership is, it is likely that you will benefit from the assistance of a business partnership attorney at some point. If you are starting a partnership, have questions about partnership issues, or have become involved in a dispute with your partners, you should consider reaching out to an experienced partnership dispute lawyer. When...

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