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.

 July 12, 2019

Drivers and Cyclists: Learning to Share the Road

Drivers and Cyclists: Learning to Share the Road. Cyclists throughout Europe are generally welcomed and treated with respect due to the fact that generations of European drivers are accustomed to sharing their roadways with those on two wheels. Unlike drivers in the United States, European drivers expect and accept a cyclist’s right to share the… Read more »

Attorney Thomas Henderson hero image

 July 11, 2019

Division of Insurance orders Anthem to Refund Nearly $1.3M to Colorado Consumers

Division of Insurance orders Anthem to Refund Nearly $1.3M to Colorado Consumers. Company overcharged consumers for Medicare Supplement policies; Coloradans may be eligible for refunds and reinstatement of policies. Thomas W. Henderson, a shareholder with Burg Simpson, commented on the recent order mandated by the Colorado Department of Regulatory Agencies Division of Insurance: “In an… Read more »

Ohio Attorney Janet G Abaray hero image

 June 27, 2019

The National Trial Lawyers Names Janet G. Abaray to the “Top 100 Civil Plaintiff Trial Lawyers” in Ohio

The National Trial Lawyers Names Janet G. Abaray to the “Top 100 Civil Plaintiff Trial Lawyers” in Ohio BURG SIMPSON CONGRATULATES JANET ABARAY! The National Trial Lawyers is pleased to announce that Janet G. Abarayof Burg Simpson in Cincinnati has been selected for inclusion into its Top 100 Civil Plaintiff Trial Lawyers in Ohio, an… Read more »

Ohio Attorney Kenneth Daly hero image

 June 25, 2019

Burg Simpson Associate Kenneth M. Daly Named to the National Trial Lawyers Top 40 Under 40!

Burg Simpson Associate Kenneth M. Daly Named to the National Trial Lawyers Top 40 Under 40! Burg Simpson congratulates Kenneth Daly for being selected by The National Trial Lawyers for their Top 40 under 40. Each of the distinguished members strives to encompass the knowledge, skill, experience and success held by only the best lawyers in America. National… Read more »

7th Annual Jeremy Bitner Memorial Run for the Fallen Officers Fund

 July 1, 2019

7th Annual Jeremy Bitner Memorial Run for the Fallen Officers Fund

The Jeremy Bitner Foundation was established in honor of Englewood Police Detective Jeremy Bitner. Detective Bitner lost his life in the line of duty on May 28, 2012, after being struck and killed by a vehicle while performing a traffic stop. Jeremy served the Englewood Police Department for 8 years and during that time was assigned… Read more »

The 2019 Burg Simpson Scholarship Awards Dinner

 May 7, 2019

The 2019 Burg Simpson Scholarship Awards Dinner

The 2019 Burg Simpson Scholarship Awards Dinner was held at Maggiano’s on April 25th to recognize the ten winners of the firm’s annual scholarship competition. The firm’s founder Michael Burg, and shareholders Peter Burg and Stephan Marsh presented awards to the 2019 winners! This year’s recipients included Ms. Madison Frotten, Mr. Dale Kim, Ms. McKenna… Read more »

Burg Simpson | Workers’ Compensation

 April 17, 2019

Burg Simpson | Workers’ Compensation

Shareholder Nick Fogel is the practice group leader of the Workers’ Compensation division at Burg Simpson. Workers’ Compensation is a form of insurance that protects employees when they are injured on the job or in the line of duty. Workers’ compensation provides both wage replacement and medical benefits. Filing a workers’ compensation claim can be… Read more »

Burg Simpson | We Are Here To Help

 April 5, 2019

Burg Simpson | We Are Here To Help

Burg Simpson is a law firm committed to helping injured people rebuild their lives after a serious accident or injury. Our trial lawyers have handled nearly every kind of injury or wrongful death case. The team at Burg Simpson has the resources, nationwide reputation, or proven track record of success when it comes to helping… Read more »

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