FAMILY LAW POST: You Can’t Always Get What You Want, But You Can (Likely) Get What You Need -- From the Family Law Court
During a marital divorce, a couple can work cooperatively to divide the assets in their marital estate, including the interests they own in private businesses. Things become much more challenging in divorce proceedings, however, when one spouse seeks to retain control of marital assets by continuing to control interests that are held by the couple in family limited partnerships, LLC’s, or other private companies.
Disastrous Business Partners Part 2: Confronting the Highly Dysfunctional Majority Owner
In the National Football League, quarterbacks may receive too much credit when their team wins and too much blame when they lose. It is easier celebrate or criticize the person we consider the face of the franchise. Perhaps this tendency comes from our experience in business world where the success or failure of a private company often traces to the leadership of its majority owners.
Disastrous Partners: The Problem of Highly Dysfunctional Business Partners
Part 1: Majority Owner Strategies In Dealing With Difficult Minority Investors
It feels like a sharp punch to the stomach – a physical reaction to the sudden realization that a longtime business partner’s actions have put the business at risk. This is not a disagreement over differing approaches to business issues.