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What is a business divorce?

Published on Dec 11, 2015

Dissolving a business or breaking up a partnership requires an experienced legal expert. Boston Business Lawyers Colucci, Colucci, Marcus and Flavin has two locations in Boston and Milton MA.

PRESENTATION OUTLINE

What is a business divorce?

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Brought to you by Boston Personal Injury Law Firm

Colucci, Colucci, Marcus & Flavin  

Much like a marriage, most business partnerships

start out with the best of intentions 

The business owners, known as the principals

come together to form a business 

The intentions were good

but parties decide to part ways 

What happens next

has to be carefully negotiated 

One or more principals may want to leave

but do not necessarily want to see the business fold 

Instead, they want to receive a payment

for their share 

This is where it gets tricky

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You will need an experienced

business divorce attorney  

What if you’re one of the existing principals
and you’re offered a payment plan over several years?

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There is a risk

The business could fold 
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THIS MEANS

YOU go to the back of the line of creditors 
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RISKS

  • What other risks are you unaware of?
  • What if you are the principal remaining?
  • How do you negotiate a non-competition agreement with your former business partners?

What other common pitfalls do you face?

You are much better off in a business divorce

with an experienced attorney at your side 
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Need a business divorce lawyer?

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Call us today for a no obligation meeting

to help you understand the litigation process 
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617-379-1797

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Brought to you by the experts

at Boston Personal Injury Law Firm 

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