Category Archives: Partnership Disputes
Priscillia Presley Faces Lawsuit from Former Business Partner
According to a report from Billboard, Priscillia Presley—the daughter of music legend Elvis—is being sued by a former business partner. Brigitte Kruse—who argues that she saved Mr. Pressley from serious financial problems—is bringing a claim on the grounds of breach of contract. Here, our Miami partnership dispute attorneys provide a more detailed overview of… Read More »
Three Signs a Voluntary Partnership Dissolution in the Best Solution for a Dispute
Partnership disputes are among the most sensitive, challenging types of business conflicts. In some cases, the most advisable path forward for business partners locked in a dispute is to voluntarily wind down their businesses. Here, our West Palm Beach partnership attorney highlights three signs that suggest a voluntary dissolution may be the best option… Read More »
Why Mediation is a Great Tool to Resolve Business Partnership Disputes
Are you locked in a dispute with a business partner? It can be stressful to try to find a solution. In many cases, mediation is the best course of action. The Florida Bar explains that mediation is a non-binding process where parties work together to resolve their dispute. Within this article, our Miami partnership… Read More »
How to Figure Out Who is Responsible for the Debts of a Business Partnership?
Owning and operating a partnership is complicated. It is not uncommon for partnerships—whether general partnerships (GPs), limited partnerships (LPs), or limited liability partnerships (LLPs)—to incur some debt. This raises an important question: How do we determine who bears liability for a partnership’s debt? The answer depends on the specific circumstances—and the partnership agreement plays… Read More »
How Do I Get Out of an Unfavorable Partnership?
Are you locked in an unfavorable partnership? With a proactive approach, you may be able to get out of the agreement. At Pike & Lustig, LLP, we handle the full range of partnership claims. Within this article, our West Palm Beach partnership lawyer provides an overview of your options for getting out of an… Read More »
Supreme Court Considering Hearing Business Partnership Tax Dispute
On December 18th, 2023, Bloomberg Tax reported that the Supreme Court of the United States is considering taking up a business partnership tax dispute. It could have significant implications for the future of the taxation of business partnerships at the federal and state level. Within this blog post, our West Palm Beach partnership dispute… Read More »
Partnership Gone Wrong? Florida State Board Approves Lawsuit Against ACC
Florida State University (FSU) has had a tumultuous year on the football field. The team went undefeated. Yet, after an injury to their star Quarterback Jordan Travis, they were left out of the four-team college football playoff. Now, FSU finds itself in a major dispute with its conference. On December 22nd, 2023, the Tallahassee… Read More »
Partnership Disputes in Florida: Can You Get Out of a Mandatory Arbitration Clause?
Arbitration is a private process that is an alternative to litigation. It is governed by the Florida Arbitration Code. A contract—including a partnership agreement—may call for the mandatory arbitration (forced arbitration) of a dispute. A mandatory arbitration clause in a partnership agreement is generally enforceable, but there are some exceptions. Within this article, our… Read More »
Are Co-Owners of an LLC Considered Business Partners in Florida?
A limited liability company (LLC) is a type of business entity that combines some of the advantages offered by corporations (liability protection) and partnerships (pass through taxation). Technically, the owners of an LLC are referred to as “members” not “partners.” That being said, they still owe the company—and, often, each other—certain responsibilities. Here, our… Read More »
Can I Sue for a Business Partner for Failing to Devote Sufficient Time to the Business?
Business partners are teammates. For a business partnership to meet its full potential, all parties need to carry their weight. Typically, this means investing adequate resources into the business. You may be wondering: Do I have a claim against my business partner if they are not paying enough attention to the business? In Florida,… Read More »