Los Angeles Partner Dispute Attorneys

Building a successful business partnership requires trust and effective communication. However, conflicts are almost inevitable in any partnership. When these disputes arise, it is essential to address them quickly and efficiently to protect your professional reputation and economic interests.

Partner disputes can stem from various issues, such as business debt, control over the business, and poor management, among others. Ineffective or poorly written partnership agreements are often the root cause of such conflicts. Whether verbal or written, these contracts may not provide enough protection for partners when disagreements arise.

To avoid such conflicts, it is crucial to draft a solid, well-defined partnership agreement from the outset. A partnership agreement should define each partner’s roles, financial contributions, guidelines for salaries and profit distribution, procedures for dissolving or leaving the partnership, trade secret and non-compete stipulations, and fraud prevention and auditing guidelines.

When partners can no longer continue to work together, the best option may be to dissolve the partnership. However, dissolving a partnership is a complex financial and legal process that requires an attorney’s assistance. Therefore, it is wise to enlist the guidance and experience of trusted legal counsel to ensure that your partnership agreement covers all aspects of your business and is comprehensive enough to be effective.

At ACTS LAW, LLP, our team of experienced Los Angeles business attorneys specializes in successfully resolving partner disputes. We methodically review your situation to create a partnership agreement you can build upon or dispute an existing agreement when necessary. With offices conveniently located in Los Angeles and San Diego, California, we serve clients throughout the state. Contact us online or call us at 833-228-7529 to schedule a free consultation today.