Corporations and limited liability companies (LLC) often include multiple owners, and partnerships always do. Disagreements can concern management rights, distribution of profits, or even claims of theft and fraud. As with any cooperative effort, disputes between the owners of business associations can happen. However, the disputes between shareholders, LLC members, or business partners are decided by a unique set of rules.
Those rules, in fact, can vary between individual disputes. Texas, like other states, has enacted statutes that govern business organizations. Many of these statutes are default rules that business associations often find inadequate. Businesses usually chose to govern the relationship between owners in their bylaws, operating agreement, or partnership agreement. Therefore, the outcome of many disputes will be determined, or at least greatly influenced by, the terms of these documents
The Law Office of Carter H. Thompson assists business owners in disputes including, but not limited to, the following issues:
- Freeze out
- Partner withdrawal
- Member withdrawal
- Stock transfer agreements
- Membership interest sale agreements
- Breach of fiduciary duty
Carter Thompson has helped resolve numerous disputes between business owners. Whether you are hoping to avoid a dispute through focused advice and drafting of by-laws, operating agreements, partnership agreements or other contracts, or you find yourself involved in a conflict with your associates, we can help.