Colorado Business / Commercial Litigation

Business Breakups – Denver Corporate Litigation Lawyer

Business Breakup - Denver Corporate Litigation Lawyers - Colorado Burg Simpson When you’re starting a new business with a partner, the last thing you’re probably thinking of is how that partnership will end. Why would you? You’re 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, expensive litigation with a poor outcome, and a prompt reasonable resolution.

Disputes among co-owners of a business – whether they’re 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 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’s 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 aren’t 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’s one partner who can’t seem to delegate any responsibilities. Maybe it’s a partner who refuses to carry his weight, skipping client meetings or conference calls. Either way, when partners aren’t 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 example.

These plans shouldn’t be drafted on your own. Effective legal counsel is the only way to put together a reliable partnership agreement. If you’re about to enter into a partnership agreement, don’t sign anything without consulting an experienced Colorado corporate litigation attorney. Call us today at 303-792-5595 so we can ensure that you’re 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’s 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 6, 2018

Retired Firefighters Get Burned When Health Care Benefits are Terminated

Attorney Brian Matise at Burg Simpson handles complex civil litigation cases, and he has taken the lead on the West Metro Case. This case involves the distribution of more  than $1.8 million in funds that remained in a trust that was committed to fund health insurance benefits for 73 retired firefighters and their dependents. These… Read more »

Former Sen. Alan Simpson (R-WY) gives eulogy for late President George W.W. Bush

 December 5, 2018

Former Senator Al Simpson Eulogizes President George H.W. Bush

This morning, former Senator Alan K. Simpson (R-WY) celebrated the life of former President George H.W. Bush, his long-time friend and colleague. Speaking of the man’s warmth and integrity, Sen. Simpson delivered a moving speech on President Bush’s legacy of integrity, loyalty and sacrifice. When speaking to the press, Alan Simpson spoke on the difficulties… Read more »

Honorable Alan K. Simpson hero image

 December 4, 2018

Former Sen. Alan Simpson, R-Wyo., to Remember George H.W. Bush at Wednesday’s Funeral

Former Sen. Alan Simpson, R-Wyo., to remember George H.W. Bush at Wednesday’s funeral at the National Cathedral in Washington, D.C. The former senator, a colleague and longtime friend of George and Barbara Bush, will be one of four speakers to deliver the eulogy at the late president’s funeral this week. Simpson and Bush established their… Read more »

stephen burg personal injury attorney handles spinal injury cases

 November 29, 2018

Stephen Burg Handles Spinal Cord Injury Cases

  Shareholder Stephen Burg handles spinal cord injury cases at Burg Simpson Eldredge Hersh & Jardine. Mr. Burg is a trial attorney whose practice is focused on representing victims of auto crashes, personal injury, trucking accidents, product liability injuries, gas explosions, wrongful death, and harmful drug products. He also has significant experience in handling spinal cord… Read more »

Good Lawyers. Changing Lives. – Supporting Communities with Burg Simpson

 November 5, 2018

Good Lawyers. Changing Lives. – Supporting Communities with Burg Simpson

All attorneys at Burg Simpson strive to make our motto more than just words. Both in and out of the courtroom, our attorneys work to support local and national communities by protecting their rights and to making certain that crisis recovery and educational opportunities are available to all. In this video, Burg Simpson shareholder and… Read more »

Massachusetts Gas Explosion – Holding Corporations Accountable

 November 2, 2018

Massachusetts Gas Explosion – Holding Corporations Accountable

The negligence of Columbia Gas caused the massive gas explosions  in Andover, Lawrence and North Andover, MA. After the gas explosions, more than 2,000 people found themselves displaced, and their towns resembled a war zone. These gas explosions could have easily been avoided. Columbia Gas had been warned twice over the last decade that an explosion was… Read more »

Attorney Tom Henderson explains why the Durango 416 Fire aims to hold the Durango-Silverton Railroad accountable.

 November 2, 2018

Seeking Justice for Victims of the Durango 416 Fire

Colorado’s Durango 416 Fire was caused by the Durango-Silverton Railroad’s coal-burning train on June 1, 2018. The blaze has been reported to be the state’s sixth largest forest fire in history, and the fire destroyed homes and businesses in Durango and the surrounding area. Burg Simpson is now representing those affected by the 416 Fire… Read more »

Consumers Must Beware of Body Brokers

 November 2, 2018

Consumers Must Beware of Body Brokers

Body brokers are relatively unchecked and under-regulated by state and federal agencies.  Across the United States, mortuaries and hospices are committing fraud by allowing body brokers to convince families who have lost their loved ones to donate the body “for medical research.” But instead of being donated, the body ends up being dismembered and then… Read more »

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