Colorado Business / Commercial Litigation

Business Breakups – Denver Corporate Litigation Lawyer

Business Breakup - Denver Corporate Litigation Lawyers - Colorado Burg Simpson When you are starting a new business with a partner, the last thing you are probably thinking of is how that partnership will end. Why would you? You are just starting out but you should. According to the researchers at The Statistic Brain Research Institute, anywhere from 20 percent to 30 percent of startup partnerships end in a breakup. Breaking up a business is usually complicated and often emotional. Experienced, considerate counsel can make all of the difference between a prolonged and expensive litigation with a poor outcome, and a prompt and reasonable resolution.

Disputes among co-owners of a business – whether they are partners, members of a limited liability corporation or shareholders – can include disagreements over operating responsibilities, the division of assets and liabilities, ownership of intellectual property, future competition, and future ownership and management after a break-up. Our attorneys will assist you in protecting your interests, help you understand any existing contracts, obligations and liabilities, and help you comply with the legal and regulatory requirements of dissolution.

If your business venture is threatened by an impending partnership dissolution, you need to speak with a Denver corporate litigation lawyer at Burg Simpson today by calling 303-792-5595.

There are few signs entrepreneurs can look for that might suggest a business breakup could be on the horizon, such as:

  • Communication breakdown: Communication is critical in any relationship, whether it is personal or professional. When communication starts to break down – the emails taper off, the meetings fall off the calendar, and major decisions start to get made independently – it might be time to re-evaluate the partnership.
  • Fundamental differences: Disagreements are not unusual. They are an unavoidable part of every relationship. But when those differences become more blatant and when they infiltrate fundamental aspects of the partnership, such as long-term business goals and core values, they can make collaboration that much more difficult.
  • Disparity of workloads: Vaguely defined roles can often lead to a difference of work responsibilities. Maybe it is one partner who cannot seem to delegate any responsibilities. Maybe it is a partner who refuses to carry his weight, skipping client meetings or conference calls. Either way, when partners are not working together or sharing duties equitably, divisions can emerge, threatening the relationship.

If you think your partnership is at risk, talk with one of the Colorado commercial litigation attorneys at Burg Simpson as soon as possible. Call us now so we can help assess your situation!

Any knowledgeable business advisor will tell you the old adage is true when it comes to starting a business: Hope for the best, plan for the worst. It might sound counterintuitive, but when you draft your business plan, you should also map out your potential dissolution. It should be included in your original partnership agreement. This agreement – and exit strategy – should be drafted with multiple options in mind, such as a buyout clause, a replacement provision, or even a liquidation strategy, for a few examples.

These plans should not be drafted on your own. Effective legal counsel is the only way to put together a reliable partnership agreement. If you are about to enter into a partnership agreement, do not sign anything without consulting an experienced Colorado corporate litigation attorney. Call us today at 303-792-5595 so we can ensure that you are protected if the worst happens.

A Burg Simpson Denver Commercial Litigation Attorney Can Help

Resolving disputes, short of expensive litigation, is almost always preferable but we realize that is not always possible. Because Burg Simpson’s Denver corporate litigation attorneys are well-known as trial attorneys, we bring that leverage and experience to your negotiations, helping you avoid and resolve disputes before they reach the courtroom, if possible.

When a business dissolution escalates to litigation, Burg Simpson’s experience, strength, and resources are available to powerfully advocate the client’s position to the judge or jury.

Call us today at 303-792-5595.

 December 2, 2020

Burg Simpson: The Award-Winning Lawyers in Phoenix Arizona

One of America’s foremost plaintiff trial firms, Burg Simpson Eldredge Hersh & Jardine, has a reputation for fighting relentlessly and successfully for victims of negligence, malfeasance, malpractice, and abuse. Burg Simpson has secured more than $1 billion in verdicts, settlements, and judgments in practice areas spanning catastrophic personal injury, mass tort and class actions regarding… Read more »

 November 30, 2020

Construction Defect Statutes of Limitation and Repose Update (Part 1)

Burg Simpson construction defects trial lawyers Ronald Sandgrund and Joseph F. (“Trip”) Nistico III have co-authored a recent article for The Colorado Lawyer entitled “Construction Defect Statutes of Limitation and Repose Update (Part 1).” The Colorado Bar Journal (The Colorado Lawyer) is publishing a two-part article in December 2020 and January 2021 by Burg Simpson… Read more »

 November 27, 2020

Burg Simpson’s Award-Winning Construction Defect Team

Burg Simpson’s construction defect attorneys have successfully handled construction defect cases for clients for over 25 years. Our team fights for homeowners and associations whose residences have been damaged by faulty design and construction defects. Some of the many issues our team has handled over the past two decades include: Design defects Building code violations… Read more »

 November 25, 2020

Happy Thanksgiving to Our Clients, Friends, and Colleagues!

Burg Simpson Wishes You a Happy, Healthy, and Safe Thanksgiving Holiday! All of us at Burg Simpson Eldredge Hersh & Jardine would like to wish our clients, friends, and colleagues a very happy, healthy, and safe Thanksgiving holiday! As we gather this year in groups much smaller than we have in the past, we want to… Read more »

Denver, CO – Auto Wreck with Injuries on I-70 Blocks Highway

 June 19, 2020

David Hersh: COVID-19 and Loss of Business Income

Shareholder David Hersh Discusses COVID-19 and Loss of Business Income  David P. Hersh is a shareholder and co-practice group leader with  Burg Simpson’s business and commercial litigation department.  “I am David Hersh, Co-leader of the Commercial Litigation Department at Burg Simpson. Business owners across the country have suffered from the loss of business income as… Read more »

David TeSelle Discusses Qui Tam Lawsuits

 June 18, 2020

David TeSelle Discusses Qui Tam Lawsuits

David K. TeSelle is a trial lawyer and co-practice group leader with  Burg Simpson’s business and commercial litigation department.  “Do you have confidential information about a company who is cheating the state or federal government out of money, leaving the American taxpayer holding the bag? If so, there is something you can do about it,… Read more »

 June 16, 2020

Shareholder Jacob Burg Discusses Burg Simpson’s Commitment to Pro Bono Work

Jake Burg is a shareholder and a trial lawyer with  Burg Simpson’s personal injury department. “Since the firm’s inception in 1976, Burg Simpson has been committed to providing pro bono legal services to heroes who have dedicated themselves to serving others in times of great need. As an attorney with Burg Simpson, I was proud to… Read more »

Colorado Springs, CO – Man Injured in Auto Accident on Delta Dr

 June 15, 2020

Injured in a Motorcycle Crash? Call Burg Simpson Now

Injured in a Motorcycle Crash? Call Burg Simpson Now Shareholder Stephen J. Burg is a trial lawyer and the practice group leader of the firm’s personal injury department. If you, or someone you know, has been injured in a motorcycle crash, you need someone to be on your side. Insurance companies make huge profits by… Read more »

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