Atlanta Business Lawyer Blog
As an Atlanta Partnership Dispute Attorney, I realize that a partnership is created anytime two or more people go into business together. Our Top Atlanta Business Partnership Lawyers typically refer to “partnerships” as specific legal entities called general partnerships or limited partnerships. However, for simplicity in this discussion we will refer to any group of people who are in business whether shareholders in a closely held corporation or members of an LLC as “partners.”
REDUCE YOUR PARTNERSHIP TO WRITING!
My first and foremost advice as an Atlanta Business Partnership Lawyer, is to reduce your Georgia Partnership Relationship to writing. The worst thing partners can do is establish a business or enter into some form of joint venture without a clear agreement. This agreement should be reduced to writing to avoid any ambiguities or misunderstandings about these responsibilities. With or without a written partnership agreement, disputes will occur. If the dispute cannot be resolved between the partners, each partner needs effective legal representation. Atlanta, Georgia, Litigation or Negotiation, Mediation or Arbitration (Collectively referred to as Alternative Dispute Resolution – ADR) may become necessary. While Georgia Partnership Litigation is never a pleasant option, the consequences of not enforcing your rights may be far worse. AThe Libby Law Firm Atlanta-Based Business Attorneys are exceptional ADR masters and may possibly carry the day and protect your best interests without see in the inside of a courtroom
QUESTIONS YOU SHOULD ASK YOURSELF
Are you the minority shareholder in a closely held corporation? Are you being prevented from viewing the company’s financial documents, which precludes you from knowing whether you are receiving your proper share of business profits? Is the majority shareholder paying himself an exorbitant salary (or flying on a private jet)? Not taking action to protect your legal rights and interests can cost you lots of money over the years.
MORE QUESTIONS YOU SHOULD ASK YOURSELF
Are you the majority shareholder? Have you exercised your fiduciary duties to your partners in responsible and reasonable manner? Can you avoid a lawsuit from your partners for breach of your fiduciary duty?
TAKE ACTION IMMEDIATELY!
Other Atlanta, Georgia Partnership Disputes may arise when one partner takes an opportunity for herself, which, should have been presented to the business, over competing business by one partner or over business funding. Whether you are an individual, family, business, or other type of clientele, please take the opportunity to let us assist you. Without action, your problems will almost surely get worse and you will find yourself in at the point of no return.
Should you ever find yourself in a position where you or your partners have a dispute, you should immediately seek legal advice to protect your interests. We will work to resolve disputes informally and inexpensively, but when litigation or ADR is necessary, The Libby Law Firm will be glad to be your zealous advocate for your position to obtain you the best possible result. An initial consultation on these matters is available without cost or obligation. The Libby Law Firm Attorneys are Smart, Resourceful, and Aggressive and may be your saving action. However, you need to act by Contacting Us immediately.
CONTACT US
If you are aware or suspect any dissension or deceit in your partnership, do not hesitate to Contact Us. In addition, if you have not reduced your partnership terms to writing, and The Libby Law Firm Atlanta Partnership Contract Lawyer is waiting to assist you in protecting your future. Do not let this opportunity slip away.
To learn more about how the Atlanta-based North Georgia Partnership Dispute and Litigation Attorneys at The Libby Law Firm, contact our Atlanta office to set up a meeting. Our Main Office is advantageously located in Buckhead Section of Atlanta and conveniently located near the intersection of Piedmont and Peachtree Roads near the Buckhead Triangle. You can contact our Main Office by calling our Main Number (404) 467-8611 or through our Buckhead confidential Contact Us Form.
We have a second Marietta Business Partnership Law Firm Office located in Cobb County, Marietta, Georgia, near the intersection of Paper Mill Road and Johnson Ferry Road. You can reach our Cobb County, Marietta, Georgia Partnership Lawyers by calling (770) 952-1008 or though our Marietta confidential Contact Us Form.
The Libby Law Firm Atlanta, Georgia Business and Partnership Attorneys have answers. Our Firm would be glad to be of service to you. The Libby Law Firm provides legal services throughout Georgia, including the cities and counties of North Georgia, Sandy Springs, Gainesville, the Buckhead Area, North and South Atlanta, Fulton County, Gwinnett County, Lawrenceville, Duluth, Forsyth County, Cumming, Cobb County, Marietta, Acworth, Kennesaw, DeKalb County, Decatur, and many more counties and cities throughout Georgia.