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.

Burg Simpson Eldredge Hersh & Jardine Attorneys Recognized in 2019 Edition of The Best Lawyers in America©

 August 15, 2018

Burg Simpson Eldredge Hersh & Jardine Attorneys Recognized in 2019 Edition of The Best Lawyers in America©

  Twenty-Five Attorneys Were Listed in The Best Lawyers in America ® 2019 Ronald M. Sandgrund Listed as 2019 Best Lawyers “Lawyer of the Year” In His Practice Area and Region August 15, 2018 (Denver, CO) – Burg Simpson Eldredge Hersh & Jardine, P.C., one of America’s foremost plaintiff trial firms, is proud to announce… Read more »

Stephen J. Burg and David J. Crough Secure Win for Truck Accident Client

 August 2, 2018

Stephen J. Burg and David J. Crough Secure Win for Truck Accident Client

Even the simplest of truck accidents can have life-changing consequences. That’s why it’s critical for trucking accident victims to have someone to fight for their rights. That’s what Burg Simpson shareholder Stephen J. Burg did for David Jimenez-Santana when he secured a $146,000 jury verdict for his client on June 8 in David Jimenez-Santana v…. Read more »

Stephen J. Burg and David J. Crough Secure Win for Motorcycle Accident Victim

 July 31, 2018

Stephen J. Burg and David J. Crough Secure Win for Motorcycle Accident Victim

Burg Simpson shareholder Stephen J. Burg secured another huge victory for a client. A Colorado jury returned one of the largest verdicts ever for this type of injury. $1.3 million verdict in Moon v. Gooden, a motorcycle accident case. The final award, however, will exceed $1.6 million once expenses and interest are included. In August… Read more »

Cody Attorney, Colin Simpson to Lead WTLA Through 2018

 July 30, 2018

Cody Attorney, Colin Simpson to Lead WTLA Through 2018

WYOMING TRIAL LAWYERS ASSOCIATION INDUCTS NEW PRESIDENT AND OFFICERS (Cheyenne, WY) The Wyoming Trial Lawyers Association (WTLA) announced that Cody attorney Colin Simpson will serve as the association’s President for 2018-2019. Simpson was elected to succeed Immediate Past President Todd Ingram, from Casper, during the WTLA annual convention held recently in Cody. Simpson has been… Read more »

Ring of Fire: Even Republicans Are Disgusted by The Republican Party

 May 3, 2016

Ring of Fire: Even Republicans Are Disgusted by The Republican Party

A Ring of Fire first! Host Farron Cousins talks to former Senator Alan Simpson in a unique opportunity on Ring of Fire to speak with a Republican about the current state of the Republican Party.

CBS 4: Michael Burg Inducted to Trial Lawyer Hall of Fame

 April 28, 2016

CBS 4: Michael Burg Inducted to Trial Lawyer Hall of Fame

CBS 4 in Denver highlights Burg Simpson attorney Michael S. Burg’s induction into the Trial Lawyer Hall of Fame

Radio 850KOA: Michael Burg Inducted to Trial Lawyer Hall of Fame

 April 28, 2016

Radio 850KOA: Michael Burg Inducted to Trial Lawyer Hall of Fame

Denver’s Radio 850KOA ran a news story about Michael Burg’s induction into the Trial Lawyer Hall of Fame.

Ring of Fire: The Unseen Economic Crisis

 February 29, 2016

Ring of Fire: The Unseen Economic Crisis

Ring of Fire host Farron Cousins talks with Michael Burg about taxes and the government’s resistance to upgrade America’s infrastructure.

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