Business Divorce

Negotiating a Smooth and Amicable Exit

Ending a business relationship requires careful negotiation and consideration of what each partner has put into the business. Negotiations can often become adversarial and require legal intervention, which is where our team comes in. Business divorces in a closely held corporation is a staple service that our firm prides itself on.

The term “business divorce” is reflective of the numerous disputes that can arise during the termination of a business partnership, which makes it similar to the dissolution of a marriage. Recently, Arizona’s “New” Limited Liability Act posed new guidelines for LLC members in the event of dissolution. For example, the law states that a dissolution may occur if the same amount of members laid out in the operating agreement (or articles of organization) agree to dissolve. Overall, it clarified new circumstances in which an LLC may dissolve and established procedures for the dissolution process.

Some of the areas in which we provide assistance include:

  • Buy-sell agreements
  • Shareholder and partnership agreements
  • Intellectual property, including trademarks and patents
  • Noncompete and nondisclosure agreements
  • The division of intangible and tangible assets

Throughout the life of your business, we can help you navigate issues related to business growth, hiring and terminating employees, protecting intellectual property, and handling business litigation. Our firm can also help you during the business dissolution process, where you need a legal representative dedicated to representing your best interests and protecting your rights as a business owner. 

Negotiating each area of contention can lead to a fair and mutually beneficial business divorce. Contact Monahan Law Firm, PLC to discuss your legal needs now.

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