By: John Positano, Esq., Staff Writer, PR4Lawyers

An Introduction

Even the best intentioned of business partners decide to split up after so many years of doing business together. Like any break-up, business break ups are part business and part emotion. Often, there are personal differences unrelated to business differences. Just as often, determining where a business is heading, or whether it is doing well or faring poorly, causes irreconcilable differences. It is just as wise to hire an attorney who is experienced in breaking up businesses to handle these matters as it was to hire an attorney to set up or form a business. It shouldn’t be expensive to break up a business if the partners or officers agree to a firm but fair break-up of the expenses, liabilities and assets of the business. But often there are complex decisions to be made, even in inexpensive and simple businesses. Hiring an attorney experienced in these matters is a good investment to make.

This article seeks to provide you with an overview of some of the issues that need to be considered when dissolving or changing the ownership structure of a business.  As you read through its contents, please contact us with any questions you may have.

From the initial start-up to dissolution or sale of the company, it is important that business owners have legal counsel.
Business owners face legal issues and concerns on a daily basis, some of these issues include:

• Business Formations
• Patent, Copyright or Trademarks
• Collections and Civil Litigation
• Buy-sell agreements
• Joint ventures
• Mergers and Acquisitions
• Divestitures
• Business Successions
• Partnership and Operating Agreements
• General Corporate Counsel
• Negotiation of Contracts
• Licensing Agreements
• Breach of Contract and Civil Litigation
• Dissolutions of Corporations