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, expensive litigation with a poor outcome, and a prompt 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 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 example.

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.

 February 18, 2019

Ronald M. Sandgrund is Featured in the February Edition of the Colorado Lawyer

Ronald M. Sandgrund is Featured in the February Edition of the Colorado Lawyer Ronald M. Sandgrund, Of Counsel at Burg Simpson Eldredge Hersh & Jardine, was recently featured in the Member Spotlight section of the February edition of the Colorado Lawyer.  Mr. Sandgrund is a well-known trial lawyer and Colorado’s most prolific author of articles and… Read more »

 February 13, 2019

Biker Swallowed By Sinkhole

Burg Simpson Attorneys Win Second Appeal to Protect $7.3 Million Verdict On September 3, 2008, Mr. James Nelson suffered severe and life-changing injuries, including a permanent brain injury, when his bicycle was swallowed by a large sinkhole on a bike path located on the property of the United States Air Force Academy in Colorado Springs. … Read more »

Firefighters

 February 8, 2019

Burg Simpson Seeks to Protect West Metro Firefighters From Getting Burned

Brian Matise and Nelson Boyle at Burg Simpson are representing the engineers, fire investigators, and firefighters from the West Metro Fire District as part of a class action lawsuit. The complaint claims the department mishandled roughly $1.8 million in a retiree health account. Attorney Brian Matise said, “The brave men and women of the West… Read more »

Workers' Compensation

 February 7, 2019

Nick Fogel, a Burg Simpson Shareholder, Quoted in an Article Published by U.S. News

Nick Fogel, a Burg Simpson shareholder and the practice group leader of the firm’s workers’ compensation team, was quoted in a recent article published by U.S. News. Mr. Fogel discussed how employees risk medical uncertainty and serious financial consequences when their employer does not possess the required workers’ compensation insurance. To view the article in… Read more »

Bad Faith Insurance – When Your Insurance Claim is Denied or Delayed | Tom W. Henderson

 February 14, 2019

Bad Faith Insurance – When Your Insurance Claim is Denied or Delayed | Tom W. Henderson

When you purchase an insurance policy, it is expected that your insurance company will provide the policy coverage in case of an accident.  Unfortunately, insurance carriers frequently fail to pay the benefits they promised they would, or they fail to pay promptly and in the proper amounts. These actions by the insurance company could be classified… Read more »

What Makes A Good Medical Malpractice Case? | Scott J. Eldredge

 February 14, 2019

What Makes A Good Medical Malpractice Case? | Scott J. Eldredge

Medical errors are increasing in this country. Medical malpractice typically takes place when a surgeon, hospital, or other health care professional strays from the standard practices of their profession, which then results in the serious harm or death of a patient. While patients place trust and their lives in the hands of these medical professionals, medical… Read more »

Business / Commercial Litigation Trial Attorneys  | Michael S. Burg

 February 14, 2019

Business / Commercial Litigation Trial Attorneys | Michael S. Burg

Business and commercial law are typically lumped together because they go hand-in-hand so often. Most attorneys experienced in one type of law are usually experienced in the other as well.  The business and commercial litigation attorneys at Burg Simpson have the experience in successfully handling a variety of both business and commercial law cases. With… Read more »

We Are The Trial Lawyers | Michael S. Burg

 February 14, 2019

We Are The Trial Lawyers | Michael S. Burg

When selecting a trial attorney, it is important to select an attorney with the experience and resources to handle every aspect of your case.   What defines and differentiates Burg Simpson is we are prepared to fight for our clients. Our highly skilled trial lawyers, know the only way we are going to obtain an excellent… Read more »

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