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What To Do If Your Partner is Stealing From the Company

In Break-ups & Partnership Disputes, Partnership Dispute by Larry DonahueLeave a Comment

If you are a co-owner of a company, and you believe (or know) that your partner is stealing from the company, you have rights and you have options — even if you’re not “in charge” or own a minority interest. Actionable Claims When a Partner Steals There are a number of possible issues that come arise when a partner steals …

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Why You Need a Buy-Sell Agreement

In Business Tips, Partnerships by Larry DonahueLeave a Comment

Changes in small business ownership can be costly, and negatively impact the business. If you are in a small business partnership, you should establish a buy-sell agreement to pre-determine what will happen if one of the partners leaves the business. You may not anticipate that either of you will leave; however, death, divorce, changes in circumstance, a risky economy and …

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5 Tips: How to Dissolve a Partnership as Painlessly as Possible

In Break-ups & Partnership Disputes, Dissolve a Partnership, Partnership Dispute by Larry DonahueLeave a Comment

Closing (called dissolving) a business partnership can be compared to a divorce, from a cost and emotional impact to the partners. Neither party expects the relationship to degenerate into contention, but it happens more often than you might think. Whether business circumstances change, or some dispute arises between the partners, when the business partnership cannot endure, it’s time to legally …

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Temporary Restraining Orders (TRO)

In Litigation & Lawsuits, Partnership Dispute by Larry DonahueLeave a Comment

A temporary restraining order (or “TRO”) is a court order that immediately controls or restricts the behavior of one or more parties, temporarily and usually in an emergency, until there’s time to actually have a hearing so the court can evaluate the evidence to determine whether the order should stay in place (usually called an injunction) or cancelled. In order …

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Same-Sex Marriage and Business Partnerships

In Partnership Dispute, Partnerships by Don KochersbergerLeave a Comment

Owning a business with one’s spouse is a common—albeit arguably stressful at times—occurrence. At BLSW, we know that managing legal matters as a partnership—both in marriage and in business—is always easier with a strong and skilled team on your side, and we’re happy to help answer questions that arise with understanding the collaboration of marriage and business. On December 19, …

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Business Break-Ups – Important Tips to Prepare Before the Problem Arises

In Break-ups & Partnership Disputes, Dissolve a Partnership, Partnership Dispute by Don KochersbergerLeave a Comment

New business partners don’t typically think about anything going wrong down the road, however, business and personal disputes are often irreconcilable, and sometimes partners ultimately decide to break up the business. Ideally, businesses and business partners take the necessary steps to plan ahead for dissolution and alleviate much of the stress associated with typical business break-ups.

Equity: Dividing it Up Amongst Founders

In Partnerships by Don KochersbergerLeave a Comment

You and your partners have the idea, product and resources to finally start the business you always wanted. This is a very exciting time for all of you and there is a lot to do. You have operating agreements, ownership agreements and a lot of details to finalize.

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Business Exit Plans

In Departing Partner, Partnerships by Don KochersbergerLeave a Comment

Entering into a business venture is an exciting experience. All owners have contributed to the well-being of the business in one way or another and have varying roles in the organization after it is formed. Some owners might be hands-on and work as an employee of the business while others play a more silent role. There may come to a …