Going into business with one or more partners can be highly beneficial. Each partner can bring their own ideas and talents to the table, which can help set the company up for success. Partners also share responsibility for investments in the business, as well as liability. Finally, general partnerships require no formal filings with the state to start operations, though having a partnership agreement is highly advisable.
While partnerships can be a preferred business entity for many reasons, disputes can arise among partners for a variety of reasons. If these disputes are not properly addressed, the conflict can bring down the entire business. It is important to consult with a business lawyer in Atlanta if you are in the midst of a partner dispute.
Dispute Resolution Tactics
The right attorney can evaluate the best options for resolving your partner dispute effectively and efficiently. First, we will review any partnership agreements you have in place. Often, these agreements can direct you on how the issue should be resolved.
If there is no partnership agreement, an attorney can help to negotiate with your partner(s) to help find a resolution in-house. Often, having a third party guide negotiations can remove some emotion involved and help reach a middle ground. If informal negotiation does not work, there are other options, such as:
- Mediation
- Arbitration
- Litigation
It is imperative that you have proper legal representation during any type of dispute resolution to ensure your interests as a partner are fully protected.
Consult with a Business Lawyer in Atlanta for Assistance
At Battleson Law, LLC, we regularly assist partnerships with all aspects of business, including dispute resolution. If you are facing a partner dispute, you should discuss the matter with an Atlanta business attorney right away. Contact us online or call 404.382.8149 for more information about how we can help.