Experienced Business Divorce Attorney Offering Creative Resolutions
When business owners part ways, the resulting “business divorce” process can be messy. Whether the company is a partnership, limited liability company (LLC) or corporation, there are countless legal considerations to address. A business divorce can be emotionally charged, affecting not only the partners involved but also the business itself and its employees. It is crucial to handle these situations with care and precision.
I am Stanley B. Cheiken, an accomplished business divorce attorney with over 30 years of experience. Based in Langhorne, I work with business clients from diverse industries across Pennsylvania and New Jersey. I have a proven track record of achieving outstanding results.
Clients appreciate my relentless advocacy and practical advice, which come from a deep understanding of their businesses and objectives. I personally handle all aspects of their cases. I invest the time to get to know my clients and their business ventures. My direct involvement in every step of the legal process ensures that they receive consistent, high-quality legal representation.
If you are facing a business divorce, let’s work together to address the complexities involved and find the best path forward.
Why Business Divorces Happen
Business splits occur for numerous reasons. For example:
- Disagreements among partners can escalate to the point where it no longer makes sense to continue. These disagreements might stem from differing visions for the company’s future, financial disputes or personal conflicts that become insurmountable.
- Business divorces can also arise from a lack of alignment in business goals or a failure to adapt to evolving industry demands.
- When partners have different levels of commitment or varying risk tolerances, it can lead to friction and ultimately a decision to part ways.
- External factors such as economic downturns or regulatory changes can pressure partnerships, prompting a reevaluation of joint business ventures.
- The retirement or departure of a key partner may necessitate a restructuring or dissolution of the business.
- A shift in personal circumstances can also trigger the need for a business divorce.
- Misconduct such as fraud, misrepresentation or breach of fiduciary duty on the part of a partner or business owner can lead to a business divorce.
Regardless of the reason, untangling shared business ownership can be a complicated endeavor that involves many nuanced considerations. It is crucial to work with a knowledgeable business divorce attorney throughout the process.
The Business Divorce Process
The process of separation for business owners can be intricate and multifaceted. It requires a thorough examination of existing agreements and business structures. It may involve renegotiating or dissolving partnership agreements, providing severance pay to departing partners, redistributing assets and determining the future operations of the business.
In some cases, business dissolution – wrapping up the business – may be the only way forward. In other situations, it might make more sense to buy out a departing owner’s interests. There are many ways to address business divorces, and it depends greatly on the situation at hand.
Legal intervention – whether through negotiation, mediation, arbitration or even litigation in the courts – is often necessary to resolve disputes in a way that accomplishes a fair outcome, including an equitable division of business responsibilities and assets. A business divorce can be amicable or contentious. The ease of the process largely depends on the existing agreements in place and the willingness of the parties to cooperate.
How I Can Assist You
When facing a business divorce, you need an attorney who understands the nuances of business law. With over 30 years of experience, I offer a unique approach that combines creativity with a deep understanding of the law. My goal is to help you secure an efficient and cost-effective resolution that is in alignment with your vision.
My approach is both innovative and strategic. I will work closely you to develop a strategy tailored to accomplish your objectives in a cost-effective manner. Whether that involves negotiating a favorable outcome or representing you in court, I am committed to providing relentless advocacy and practical advice every step of the way. I am a proven trial attorney who does not back down when it comes to advocating for your interests.
Let’s Touch Base About Your Business Divorce
If you’re facing a potential business divorce, I encourage you to reach out to my firm, the Law Office of Stanley B. Cheiken, for a free consultation. You can contact me online or by phone at 215-572-8600. Together, we can address the complexities of your situation and find a path forward.