Partnership Disputes
At Peters Kussmaul Crosier PLLC, our experienced business attorneys help businesses resolve conflicts efficiently and effectively, whether through negotiation, mediation, or litigation. From family-run businesses to complex LLCs and corporate ventures, PKC is here to protect your interests and preserve the value of your business.
Common Causes of Partnership Disputes
Partnership disputes arise for many reasons, often stemming from misaligned goals, unclear expectations, or breaches of fiduciary duty. Common issues include:
Breach of Fiduciary Duty: Partners owe each other a duty of loyalty and care. Disputes often arise when one partner acts in self-interest, misuses company resources, or engages in activities that harm the business.
Financial Disagreements: Disputes over profit distributions, capital contributions, or unauthorized expenses can disrupt operations and erode trust.
Management Conflicts: Partners may clash over business decisions, such as growth strategies, hiring practices, or day-to-day operations.
Violation of Partnership Agreements: When partners fail to adhere to the terms of a partnership or operating agreement, disagreements over roles, authority, or decision-making authority can arise.
Exit Strategies and Buyouts: Disputes often occur when one partner wishes to leave or sell their interest, especially if no clear exit plan is in place.
Allegations of Mismanagement or Fraud: Accusations of embezzlement, improper accounting, or failure to disclose key information can result in significant legal battles.
At PKC, we help clients navigate these challenges with practical advice and skilled representation.
Types of Business Entities We Represent
Partnership disputes can arise in various business structures, including:
Traditional Partnerships: General and limited partnerships where partners share responsibilities and liabilities.
Limited Liability Companies (LLCs): Disputes between members over the operating agreement, fiduciary duties, or profit-sharing.
Corporations: Conflicts between shareholders or directors in closely held corporations.
Joint Ventures: Disputes over shared ventures, particularly when expectations or contributions differ.
Our attorneys understand the nuances of each business structure and craft solutions tailored to your specific entity and dispute.
Resolving Partnership Disputes
Negotiation and Mediation
Many partnership disputes can be resolved without resorting to litigation. Our attorneys focus on achieving cost-effective resolutions through:
Negotiated Settlements: Resolving disagreements while preserving the business relationship.
Mediation: Facilitating discussions between partners to reach mutually beneficial agreements with the help of a neutral third party.
Litigation and Legal Action
When disputes cannot be resolved amicably, litigation may be necessary to protect your rights and the value of your business. PKC’s attorneys are seasoned litigators who represent clients in:
Breach of fiduciary duty claims
Enforcement or dissolution of partnership agreements
Claims of fraud, embezzlement, or financial mismanagement
Disputes over buyouts or valuation of partnership interests
We are prepared to aggressively advocate for your position in court while working to minimize disruptions to your business.
Remedies for Partnership Disputes
Texas law provides several remedies for resolving partnership disputes, including:
Buyouts: Requiring one partner to purchase the interest of another to resolve ownership conflicts.
Dissolution and Wind-Up: Terminating the partnership and distributing its assets.
Damages: Compensation for losses caused by a partner’s misconduct or breach of fiduciary duty.
Our attorneys help you evaluate the most effective remedies based on the unique circumstances of your dispute.
Why Choose PKC for Your Partnership Dispute?
At Peters Kussmaul Crosier PLLC, we combine business acumen with legal expertise to provide exceptional representation in partnership disputes. Here’s what sets us apart:
Strategic Problem Solving: We analyze every aspect of your dispute to develop strategies that align with your business goals.
Personalized Service: Every case is unique, and we tailor our approach to meet the specific needs of your partnership and business.
Proven Litigation Experience: Our attorneys are skilled negotiators and litigators, capable of handling even the most contentious disputes.
Focus on Business Continuity: We aim to minimize disruptions to your operations while achieving the best possible outcome.
Contact Us Today
At Peters Kussmaul Crosier PLLC, we provide personalized legal solutions to help business partners resolve disputes and protect their investments. Contact us today to learn how we can help you navigate your partnership dispute effectively.