Category Archives: Partnership Disputes
What Clause Do You Use to Address Deadlock Disputes in a 50/50 Partnership?
Are you entering a 50/50 partnership? No matter how much trust you have in your business partner, it is crucial that you have a well-drafted partnership agreement in place. Notably, with 50/50 partnerships, a provision that addresses deadlock disputes is a must. Here, our West Palm Beach partnership dispute lawyer highlights the key options… Read More »
Suspect Your Business Partner in Embezzlement Funds? Here is What You Need to Do Next
You have to put a tremendous amount of trust in the hands of your business partner. Embezzlement is a serious breach of that trust. It is a legally actionable—sometimes even criminal—offense. You may have a civil claim. Here, our Miami partnership litigation attorney explains what you should do if you suspect that your business… Read More »
How to Prepare for Mediation With a Business Partner in Florida
Are you trying to navigate a dispute with a business partner? Mediation can be an effective option for alternative dispute resolution (ADR). Before you enter partnership mediation, you need to be properly prepared. In this article, our Miami partnership dispute lawyers provide an overview of the key things to know about getting prepared for… Read More »
Partnerships in the Real Estate Industry: What is a Lis Pendens?
South Florida has one of the most dynamic real estate markets in the entire country. Are you a partnership that is invested in real estate? It is crucial that you have an understanding of the laws and regulations that could affect your business. A key thing to be aware of is whether properties you… Read More »
Should I Form a Partnership or a Multi-Member LLC?
To reach its full potential, a business needs to be set up properly. Among other things, it means selecting the right entity for your company. You may be wondering: Should I operate my new business as a partnership or a multi-member LLC? The answer depends on some case specific factors, including the type of… Read More »
Can My Business Partner Enter into a Contract Without Telling Me?
Business partners put a lot of faith in each other’s hand. Strong communication is one of the keys to building a successful business partnership in Florida. Indeed, poor communication can undermine any business relationship—and serious partnership disputes can arise. With this in mind, you may be wondering: Can my business partner enter us into… Read More »
Can You Settle a Partnership Dispute After Litigation has Already Started?
Are you deep into a business partnership dispute? Even if litigation has already started, you can still reach a settlement. Here, our West Palm Beach partnership dispute attorney explains how settlement could still be an option even if litigation has already started in your case. What Does it Mean to Start Litigation? That you… Read More »
Should You Consult With an Attorney Before Signing a Partnership Agreement?
Are you preparing to form a business partnership in Florida? While not required by law, it is strongly recommended that you have a professionally drafted, written partnership agreement. You should always consult with an experienced business law attorney before signing a partnership agreement. In this article, you will find an overview of five key… Read More »
Partnership Accounting: How Does Discovery Work?
Accounting can be one of the most effective, efficient methods to resolve a business partnership dispute in Florida. The initial discovery process is limited with an accounting. This is one of the reasons why the process can be faster. Here, our Miami partnership dispute attorneys explain the key points to understand about discovery works… Read More »
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 »
Four Reasons Why it is Risky to Operate a Partnership Without a Formal Written Agreement
A successful partnership should be built on a strong foundation. This is true for both personal and professional partnership. In Florida, a business partnership—whether a general partnership, limited partnership, or limited liability partnership—should be structured around a formal written agreement. It is risky to operate a business partnership without a partnership agreement. Here, our… Read More »
