A business’s exit strategy should involve a more elegant solution than a desperate “fire sale” of assets. With planning, business partners can avoid unnecessary disputes while wrapping up their business.
This article appearing in Forbes provides some excellent guidelines about timing your business’s exit strategy. In general, the author recommends that business owners consider their end goal from the start of their entrepreneurial ventures.
Despite their best intentions, however, many business owners find themselves in the middle of fundamental disputes with business partners.
Whether the once-partners had originally intended to remain invested indefinitely or to work until the next opportunity presented itself, it can be a shock to face a sudden end to a dream. Much like a divorce, a business dissolution can destroy financial security and peace of mind.
Consulting a knowledgeable Houston business and commercial litigation attorney can protect your business interests while you navigate the Texas court system. In complicated legal terrain, a reliable guide can mean the difference between fighting (and working) another day and losing everything to an unscrupulous business person.
Even the most straightforward business dispute in Texas can feel like a fight to the death. That’s why a neutral approach from an experienced commercial and business litigation attorney works to serve your best interests.
Some of the cases that we handle include:
- Contract disputes, including breach of contract
- Partner and shareholder disputes, including alleged theft and self-dealing
- Minority shareholder disputes
- Business dissolutions for any Texas business entity
- Disputes from enforcing unreasonable non-compete or non-disclosure agreements.
Many business owners focus mainly on the survival of their business, not anticipating a sudden end to their dreams. Don’t lose that focus if disputes arise between business partners.