Unfortunately, small business owners, shareholders, and corporate partners, sometimes get caught up in disagreements with other owners or partners. Whether it is an argument over general obligations and responsibilities, contract commitments, or issues over expenses or revenue, these fights can be incredibly complicated and costly to resolve.
While these messy business owner disputes hit smaller and more closely held companies much more frequently, they can strike any size business at any time. Disagreements can arise over business decisions, contract terms or long-term strategy goals, just to name a few issues. Because so much is at stake, these disputes can be particularly emotional and problematic.
If a business dispute is casting a shadow over your business, do not take any chances. Get legal assistance from our experienced lawyers in Phoenix AZ. Contact us today by filling out a Free Case Evaluation form here or calling our Phoenix office at 602-777-7000 right now.
Businesses can break over any number of disputes. Some of the more common disagreements that threaten to break up business owners include:
- Breach of contract: These disputes can arise over perceived or real contract breaches related to issues such as compensation, distribution of profits or division of assets, for example.
- Breach of fiduciary duty: Shareholders in a company might sue over breach of fiduciary duty if they believe the company’s officers or board of directors did not act in their best interest.
- Business termination: When the painful decision to close up shop is made, it can be made even worse when the owners cannot seem to agree on how best to cut their losses and share liabilities.
- Minority shareholder dispute: If shareholders do not feel that a company’s leadership is making the best decisions in how the company is run or even if the majority shareholders unfairly discriminate against minority shareholders.
- Fraud or criminal activity: Obviously, if a business owner commits some act of fraud – or any other illegal activity – it can lead to both criminal and civil litigation.
Our Arizona Lawyers in Phoenix Can Help
While litigation is always an option, sometimes these disputes can be handled best through mediation or even arbitration. Either method of alternative dispute resolution is much more cost-efficient and can settle the owner’s differences much more quickly than a protracted court battle. Burg Simpson Arizona is equipped with both the resources and experience to help your business no matter what.
If your company is involved in a dispute, things can get out of hand quickly. Do not try to resolve things on your own. Get legal help from a veteran trial lawyer in our Arizona office before you agree to or sign anything. Call Burg Simpson at 602-777-7000 or fill out a Free Case Evaluation form.