‘Til Business Death Do Us Part: Avoiding Messy Corporate Divorces
Author, Nevada Business Magazine, October 1, 2022
Maybe you know someone who has gone through a messy, ugly divorce. Maybe you have gone through one yourself. You know how costly and painful they can be. Corporate divorces can be just as bad.
They can also be avoided. Whether the business is a corporation, partnership, LLC or other form of organization, there is often a pattern as the relationship goes sideways. Many times, the dispute centers on the dynamic between a majority owner, who holds all or most of the power, and a minority owner, who holds little to none. Making things worse, sometimes these relationships started out as friendships, raising the stakes in a dispute and making the dispute even uglier.
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