The dissolution of a business entity may be required when major shareholders or business partners can no longer do business together.
The experienced business attorneys at MKC Law assist our clients with the negotiation of a buy-out or dissolution of a joint venture business.
In many ways, a business dissolution is a “business divorce,” where the partners divvy up the assets and debts and strike out on their own separate paths.
There are voluntary or involuntary partnership dissolutions. A voluntary dissolution is one in which the partners and/or shareholders mutually agree to dissolve the business. in contrast, when business partners do not agree on the terms of dissolution, it is deemed to be involuntary, and one partner may file suit to dissolve the business entity.
There are numerous details involved with a business dissolution that must be handled with care and attention to detail. They include items like client notification, division of assets and liabilities, assignment of responsibilities for ongoing work, and drafting non-compete agreements. The attorneys at MKC Law will guide you through all aspects of this process and provide you with knowledgeable and skilled counsel.
Before you agree to a business divorce or the dissolution of your business, you must develop a comprehensive exit strategy that shields you from continuing liability and resolves any on-going business issues with minimal financial and emotional impact.
Protect your business interests. Talk to a business attorney at MKC Law. Each practitioner has extensive experience with partnership disputes, business dissolutions, and other business law matters. Call us today at 602-274-9000 to discuss the details of your situation.