New Jersey Business Divorce Lawyers
“Business Divorce” – the term conjures up images of a husband and wife severing their marital relationship, but business divorce is a term we use to describe a breakup 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 inherent in corporate or business divorces, particularly when friends or family members are involved. The business lawyers at Dunn Lambert, LLC, have the experience to protect your 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.
Finding The Right Business Dissolution Solution For You
If you are involved in a contentious separation with a partner, shareholder or member, or a family business dispute, we will employ the creative solutions that are necessary to get you out of what can very often be a destructive and debilitating relationship.
Very often, the solution will entail a buyout 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.”
In the unusual case in which an amicable resolution is not possible, we will represent you in the litigation or arbitration of the case.
However the business 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 construct 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.
Contact Our Paramus Business Dissolution Attorneys
Whether your business is large or small, a business divorce is never easy, as each case is unique. However, with professional assistance from the attorneys at Dunn Lambert, LLC, you can reduce the stress of the business breakup knowing that you are in the hands of seasoned professionals. For more information, see our article Corporate “Divorce” Leads to Tears and Fireworks.
We have provided 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 at 551-228-2690 to make arrangements to speak with a business divorce lawyer.