Category Archives: Partnership Disputes
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 »
Five Tips for Resolving a Partnership Dispute Through a Buyout
Are you involved in a difficult dispute with a business partner? There may be no reasonable path forward for both you and your partner to remain in the business. However, that does not mean that you need to resolve your issue through litigation. In some cases, negotiating a buyout can be a cost effective… Read More »
Do Business Partners Have the Right to Enter a Contract On Behalf of the Entire Partnership?
When you enter a business partnership, you need to be sure that you have the right partner. Business partners in Florida must put a great deal of faith in each other’s hands. You may be wondering: Can one business partner enter into a contract on behalf of the entire partnership? The short answer is… Read More »
What is the Role of a Mediator in Mediation of a Partnership Dispute in Florida?
Mediation can be one of the most effective methods to resolve a partnership dispute. Even when business partners are locked in a serious disagreement, there is often still a path towards an amicable resolution. The mediator—a neutral, independent party—plays an important role in the mediation process. Here, our West Palm Beach partnership lawyers explain… Read More »
When is an Accounting the Right Solution for a Partnership Dispute in Florida?
Are you locked in a dispute with a business partner in Florida? Undoubtedly, you are looking for the most efficient, cost-effective resolution that properly protects your legal rights and financial interests. In Florida, an equitable remedy called “an accounting” can be an effective tool to solve complex partnership disputes. Though, it is not the… Read More »
Do We Still Need a Partnership Agreement If We are Starting a Family Business?
Are you preparing to enter into business with a family member? A partnership—whether a limited partnership (LP) or limited liability partnership (LLP)—may be the right legal structure for your company. You may be wondering: Is a partnership agreement still necessary for a family business? The short answer is “yes”—there are a number of different… Read More »
