When a business partnership ends, disputes often arise around asset division, valuation, contracts, and compensation. Understanding the potential areas of disagreement can help partnerships end more smoothly with a Texas lawyer.
Dividing Assets and Property
One major source of partnership breakup disputes involves determining ownership and dividing tangible and intangible assets. Equipment, machinery, intellectual property rights, customer accounts, and real estate can all spark competing claims, especially if contributions are unequal or partnership interests are informal. Coming to an agreement on who gets what assets without extensive litigation often benefits all parties.
Disagreements Around Business Valuation
Figuring out the total current value of a Texas business being dissolved is a key step for a fair and equitable separation. However, partners rarely see eye-to-eye on valuation methods or accounting specifics. For example, disputes may arise regarding how to treat accounts receivable, determine inventory value, calculate goodwill, or handle minority share discounts. Hiring a professional forensic accounting and independent business appraisals upfront when initially separating can prevent prolonged financial disputes down the road.
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