Business Dissolution Can Call For Experienced Legal Counsel
Certain business partnerships are just not meant to be. For a multitude of reasons, your operating agreement with your associates may no longer be tenable, and your only remaining recourse is to break up the business. This may seem like a tall ask, as this process is rarely simple, particularly if several partners are involved.
At Lobb & Plewe, our experienced attorneys assist clients with business breakups, owner disputes and other business-related legal needs. We understand that you do not arrive at dissolving your business without much thought and consideration, and we apply that same approach in how we help you.
Our Firm Can Assist You In Several Areas
Breaking up a business partnership requires a number of actions. Our lawyers can gladly aid you in the following:
- Reviewing your partnership or operating agreement: A well-written agreement should outline what is to happen in the event of a dissolution.
- Settling any debts and disbursing your assets: Paying off remaining debts, completing unfinished work and selling off or distributing assets are pivotal steps to closing a business.
- Notifying the state, as well as your creditors: In some instances, there is paperwork to be filed with various state entities. It is also prudent to advise your creditors that your business is closing.
- Resolving tax issues: We can offer guidance on what is needed to satisfy your final obligations regarding state and federal tax concerns.
Breaking up a business is a considerable undertaking. Our firm draws upon an extensive background in this area to help you reach the most comprehensive resolution possible. Our attorneys will work closely with you to adhere to the terms of your operating agreement, while also looking out for your best interests.
Learn More About How We Can Help You Move Forward
If you would like to learn more about the services that Lobb & Plewe can offer you, please contact our offices today. We can be reached by phone at 951-335-0465, or you may send us an email by visiting our contact page. Our team helps clients in California, Nevada and in other locations across the United States.