What is a Business Divorce?

What is a Business Divorce?

Much like a marriage, most business partnerships start out

with the best of intentions.

The business owners, known as the principals, come together to

form a business

A business that will stand the test of time.

but sometimes problems creep in and at least one of them will want out.

What happens next has to be carefully negotiated

One or more principals may want to leavebut do not necessarily want to see the

business fold. Instead, they want to receive a payment for their share.

This is where it gets tricky and an experienced business divorce

attorney becomes an asset.

What if you’re one of the exitting principals and you’re offered a

payment plan over several years?

There’s a risk that the business could fold and you’d have to get in the back

of the line of creditors.

What if you’re one of the principals who will remain with the business. How do you

negotiate a non competition agreement with your former business partners?

Just like a marriage divorce, you’re much better off in a business divorce with an experienced attorney at your side.

Have you been injured? If so give us a call

Phone: 617-379-1797 Toll Free: 866-528-3515

www.coluccilaw.com