San Diego Partnership Dissolution Attorney

Business partners who have reached an impasse in their business relationship and are faced with the necessity of dissolving their partnership often face a daunting task. This aspect of business law can be extremely complex, requiring you to secure the type of seasoned representation we provide at the Law Offices of Peter Shenas in San Diego, California.

Voluntary or Involuntary Partnership Dissolution

A partnership may be dissolved voluntarily with the cooperation of the partners. This involves a negotiation concerning the division of the assets and the assumption of liabilities. When agreement has been reached and properly memorialized the partners can then easily dissolve the partnership. However, if the relationship between the partners has deteriorated to the point where rational negotiation is impossible, the law provides a partner the right to file a dissolution lawsuit asking the court to order the division of assets and order the dissolution. As a part of that lawsuit the plaintiff may seek an accounting requiring the defendant to account for partnership property. Such accountings can sometimes become quite complex. They can be especially difficult in partnerships that have existed for a long period of time. Dissolving a partnership is anything but a simple process. Our firm can provide valuable representation to a partner in a voluntary dissolution as well as a lawsuit for involuntary dissolution.

Putting in a Receiver

We have represented business people throughout Southern California alleging their partners may have breeched their fiduciary duty by profiting from their positions at the expense of their partner or partners. Often a wrongdoer in control of the business cannot be trusted to remain in control of the partnership business while the case is pending in court. In those cases, upon a proper showing, the court will place a receiver in control of the business pending the resolution of the lawsuit, or in the alternative, will order periodic accountings or other means of monitoring and controlling the wrongdoers actions pending the final judgment in the dissolution action. Our firm has the knowledge and experience to know when to seek an order to have a receiver appointed and the ability to procure such an order if necessary.

Court Ordering Partnership Dissolution

A partnership dissolution lawsuit requires an attorney that has the background and experience to craft a legal solution to the dispute. The many aspects of partnership dissolution require more than a cookie cutter approach. In addition to accounting and receivership issues, they require consideration of such things as non-compete clauses, protecting against existing third party creditors, and protection from future creditors of the partner continuing the business. At the Law Offices of Peter Shenas, we will aggressively represent your interests in all aspects of your separation from your partner.

Contact a Seasoned Business Law Attorney Today

To get more information or to schedule an appointment with an experienced lawyer regarding partnership dissolution, please contact us.

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