"Corporate Divorce" - the term conjures up images of a husband and wife severing their marital relationship, but corporate divorce is a term we use to describe a break-up in the ownership of a business entity, be it a corporation, partnership, limited-liability company (LLC) or other closely-held or family-owned business.
Untangling the ownership of a business is no less complicated than the typical marital divorce. In our experience, many emotional issues, often with greater financial, tax and accounting complications, are involved in corporate or business divorce. Lawyers at Dunn Lambert have the experience to protect our clients' financial interests while remaining sensitive to the emotional issues involved.
If you would like to discuss your concerns about an ownership transition with one of our attorneys, contact our Paramus, New Jersey office and make arrangements for a consultation.
For the business owner involved in a contentious corporate separation with a partner, shareholder or member, or a family business dispute, we offer a clear path out of what can very often be a destructive and debilitating relationship.
Very often, the solution will entail a buy-out of one owner by the other. We help identify which party should sell and which should buy. We assist with the valuation of the departing owner's interest, and we structure the transaction in a way that makes both business and financial sense for all concerned. Sometimes the solution is a division of the assets of the business with each owner walking away with a "slice" of the business or a free-standing line of business. Whenever possible, we attempt to structure the division of assets in the dissolution of a business as a tax-free divisive reorganization, sometimes referred to as a "split-up" or "split-off."
However the corporate separation is structured, whether taxable or tax-free, and regardless of whether you are the departing owner or the remaining owner, we will represent you aggressively, and always with a view to constructing a win-win outcome that will maximize the benefits to you, but in a cost-effective manner. Whenever possible, we will look to salvage the personal relationships involved.
In the unusual case in which an amicable resolution is not possible, we will represent you in the litigation or arbitration of the case.
Corporate divorce is never easy, but with professional assistance from the attorneys at Dunn Lambert you can reduce the stress of the business break-up knowing that you are in the hands of seasoned professionals. For more information, see our article Corporate "Divorce" Leads to Tears and Fireworks.
Contact Our Paramus Business Dissolution Attorneys
We provide a Business FAQs page to answer common questions concerning business law. Protection of your business interest, however, may require the advice of an experienced attorney. If you would like to discuss your concerns, please contact our Paramus, NJ office and make arrangements to speak with a lawyer.