Partnership and Limited Liability Company Disputes
Business partnerships start with the best of intentions, and partners often work tirelessly for years and invest substantial amounts of their net worth to successfully grow the partnership or limited liability company business. Considering the amount of time and money invested, disputes between partners and members of limited liability companies may become highly personal and disruptive to the company’s operations and may ultimately lead to a “business divorce.”
Disputes may arise when partners cannot agree on the direction of the company, or when partners question the purpose of financial transactions or whether fiduciary duties have been satisfied. Or a partner may simply want to sell his partnership or LLC interest, but the parties cannot agree to the value or terms of the partnership buy-out.
The attorneys at Gordinier Kang & Kim LLP have deep knowledge and understanding regarding the rights, duties and obligations of partners and members of limited liability companies. We can help you protect you and your business by creating and enforcing partnership and LLC agreements. When disputes arise, we work with our clients to identify the key issues and to formulate an effective, practical, and cost-effective approach to achieve your goals.
Partnership disputes may be resolved through guided negotiations involving the parties and their attorneys and when an impasse develops, the parties can participate in mediation proceedings to reach a resolution. If the partners cannot reach agreement, we can enforce your rights through litigation and arbitration proceedings and ultimately through trial when necessary. We have obtained multi-million dollar judgments on behalf of our clients in partnership disputes and successfully obtained orders removing managing partners and LLC members when fiduciary duties have been breached or self-interested transactions and self-dealing have been identified.
Regardless of whether you are a majority or minority partner or the nature of the partnership dispute, we stand ready to step in as your trusted counselor and advocates to protect your partnership rights.
Learn How Our Irvine and Los Angeles Corporate Lawyers Can Help
Company owners should concentrate on their businesses, which is why the corporate attorneys of Gordinier Kang & Kim LLP, are ready to assist with all types of corporate legal matters. Contact us to schedule an appointment today.