We Understand Partnership And Shareholder Disputes And How To Resolve Them
Business partners, like individuals in other relationships, can have disagreements. Differences over finances, roles in the company, business strategies, personnel or any of a dozen or more other aspects involved in running a company can escalate to the point where a solution cannot be reached and legal action is necessary.
At Norman J. Lerum, P.C. in Chicago, we have extensive experience representing clients in a wide range of partnership disputes. A prolonged dispute can disrupt the company’s performance and potentially be lethal. We have a record of successfully resolving disputes through negotiation and mediation. For example, we successfully resolved through mediation a contentious shareholder dispute between and among members of “Led Zeppellin II” band. Chris Klein v. Paul Kemp, et al, 2012 CH 3580, Circuit Court of Cook County, Illinois.
We have represented clients from a variety of industries, including manufacturing, distribution, medical services, financial services, law firms, construction companies, real estate and investment services. Call 312-782-1087 for a telephone consultation.
Identifying And Addressing The Right Issues
As with any dispute, finding a solution first requires identifying the true problem. Often, business partners believe they are arguing about one matter and it turns out the crux of the problem is something entirely different. Some disputes are rooted in the business formation agreement, while others are caused by practices that develop informally well after a business is up and running.
Ultimately, a large percentage of partnership and shareholder disputes revolve around alleged mismanagement, misappropriation of funds or shareholder oppression — not having access to business records or not having a fair voice in business decisions.
More than four decades of experience counseling business clients help us diagnose partnership disputes and develop solutions. Our business litigation experience sets us apart from a number of Chicago business dispute lawyers.
Don’t Let Disputes Drag Your Business Down
If you are wrestling with a partnership or shareholder dispute, the worst decision is making no decision. We welcome the opportunity to review your situation and recommend an effective course of action. Call or use our online contact form to schedule a meeting.