A dispute among business co-owners can present acute challenges and lead to intense confrontation, particularly when the parties involved are friends or family members. Our Business Divorce team guides clients through the complexities of co-owner dispute resolution and, when necessary, through business separation, all while ensuring the preservation of the business and its assets.
We understand that each case of a business breakup is unique. By taking the time to understand our clients and their businesses, the motivations of opposing parties, and the underlying causes of a dispute, we can provide the effective, objective counsel needed to neutralize an emotionally charged process.
When needed, we help restructure businesses to avert divorce and prevent litigation, often working behind the scenes to devise creative solutions to seemingly intractable differences. When litigation is inevitable, we strive for a rapid and efficient resolution, calling on our substantial experience before the judges who adjudicate these disputes and on the input of skilled third-party experts. As matters are resolved, we draft agreements that memorialize the settlement and help prevent future disputes, including the preparation of appropriate buy/sell agreements.
Lowenstein Sandler is one of the few major law firms with a dedicated Business Divorce group. Our lawyers have in-depth knowledge of the myriad fiduciary duties co-owners owe to one another, and relevant experience in mergers and acquisitions, corporate governance, and shareholder law as well as the statutes pertaining to limited liability companies and partnerships. Clients also benefit from our access to related practice groups at the firm, including Business Tax Counseling and Structuring, Trusts and Estates, and Employment and Labor. We are equipped to serve businesses (and their owners) of every size and structure, and our experience has spanned an extensive range of industries as well as many international interests and substantial offshore assets.
Whether litigating a dispute, assisting in a mutually acceptable separation, or averting a business divorce altogether, we guide our clients through every stage of the process. We provide a comprehensive, personalized service to transform a difficult situation into a successful resolution.
We have extensive experience handling business divorce matters across a broad range of industries, including:
- Alternative energy
- Automobile (including car dealerships)
- Computer hardware and software
- Construction (including cement and concrete)
- Entertainment (including sports teams)
- Environmental services
- Financial services
- Food services
- Health care
- Hospitality (including hotels and restaurants)
- Pharmaceutical sales
- Professional services
- Real estate