At the heart of every business are human beings with the capacity for conflict. Differences in vision or strategy between business owners can lead to a split — or worse, a deadlock, which can jeopardize the success of a business. When disputes arise, or when dissolution becomes a possibility, it’s critical to seek qualified legal advice from dissolution lawyers.
At Adair Myers Stevenson Yagi, we represent business owners facing “business divorces” and other internal disagreements. Our attorneys have more than 100 years of combined experience working with companies in all aspects of business law. Whether you are partial owner of a partnership, LLP, LLC, or other business entity, you have important interests at stake. You may have invested significantly by way of money, time, and/or sheer hard work. We will work hard to protect your interests by:
- Developing strategies to restructure the business or split it into separate entities
- Evaluating options for a buyout
- Preparing a business valuation
- Negotiating fair compensation for the departing business owner
- Navigating deadlocks
Dissolving A Business
There are a variety of reasons a business might come to the end. While some dissolutions are voluntary and mutual, others are caused by factors outside of the owners’ control.
Our Houston partnership dissolution attorneys have extensive relevant legal experience, including:
- Contested business dissolutions – When shareholders or partners cannot agree to dissolution terms, an experienced business attorney can help both sides come to an agreement.
- Minority shareholder oppression – When minority shareholders experience freeze-outs, self-dealing, unfair compensation plans, or other abuses, they can take legal action to ensure they receive fair treatment in the event of dissolution.
- Breach of fiduciary duty – If an officer or director engages in financial misconduct that hurts the businesses, other owners of the business might decide the best option is dissolution.
- Bankruptcy – If the business owes a debt to creditors, dissolution may be the best way to relieve financial obligations.
- Death of primary owner – If the primary business owner dies, a business might lose its driving force or lack the expertise to continue operation.
Houston Business Dissolution Lawyers
There is no one-size-fits-all solution for internal business disputes. Sometimes it makes more sense to abandon a business and start fresh. Before moving on, however, it’s necessary to wrap up the affairs of the old business. Dissolving a legal entity requires those in charge to follow certain legally mandated steps.
The Houston business lawyers at Adair Myers Stevenson Yagi can guide you through the dissolution process to ensure that your interests are protected and that no loose ends remain. Should disputes arise during the course of dissolution, we can seamlessly transition into representing you in litigation. We invite you to get in touch with our legal team to discuss next steps during a free initial consultation.