Partnerships often start on optimistic and friendly terms. As the business grows and issues arise, challenges develop that can strain the relationship among the partners and affect the business. Typically, the issues center on two areas – accounting (who spends the partnership money and on what), and control (who is in control of the business decisions and in control of the money and assets). While sometimes these issues can be settled by reference to the partnership agreement or by informal dispute resolution, sometimes dissolution is inevitable.
Ideally, partners will be able to dissolve the partnership and distribute and divide the partnership assets easily. Whether we represent an individual partner or member, or all of the partners or members, Ezer Williamson has handled numerous partnership dissolutions and assisted in the distribution of partnership property and assets.
For any number of reasons, sometimes a partnership dispute is acrimonious, and, like spouses facing property division, one partner may end up abusing the partnership’s property, assets, or business to achieve personal goals.
In either situation it is important to understand the rights and obligations for each individual partner and the partnership as a whole. Moreover, in the event that the partnership is without a partnership agreement, it is important to know what rights and obligations are provided for under the law in the absence of partnership agreement.
Ezer Williamson Law has handled many partnership disputes over the years and understands the disruption that a partnership dispute can cause. If arbitration or litigation are the only options, or if arbitration or litigation has already begun, we have the experience and the skills to represent you effectively. We also know that litigation does not make sense in every case, and that resolving the dispute early and amicably may be in the best interests of everyone involved. Here too, we can work with you to effectively address the dispute, to dissolve the partnership without any judicial intervention, and work with you to ensure that you are treated fairly.
As with partnership disputes, shareholders of a corporation may find themselves questioning whether or not the directors, officers, or majority shareholders are acting in the best interest of the corporation. Similarly, a corporation may be faced with demands of one or more shareholders for corporate records and information.
It is important to know and understand the rights that are afforded to shareholders of a corporation in either situation under the California Corporations Code and the corporation’s governing documents (like a shareholder agreement). Ezer Williamson Law has handled shareholder rights issues from both sides and understands the goals and issues associated with representing shareholders as well as a corporation or its directors and officers. Whether we are assisting with a records inspection, or handling shareholder rights litigation, our experience and client commitment is what makes our representation unique.
If you are interested in having us work with you on your partnership dispute or shareholder dispute concern, please contact us to schedule a call, and feel free to take a look at some of our representative partnership and shareholder cases and matters.