Business Divorce
Moritt Hock & Hamroff’s business divorce group counsels owners of closely-held companies in disputes with their co-owners. While the relationships among owners of closely held businesses start out healthy, fueled by optimism of financial success, those relationships can take a turn for the worse. As the business venture matures, co-owners’ perspectives sometimes begin to diverge on a wide variety of key issues necessary to effectively operate the business, such as each owner’s respective roles and responsibilities, compensation and distributions, succession planning and execution, capitalization, whether and under what circumstances new members can be added, the termination of existing members, whether to sell the company or certain of its assets, and the proper valuation of the company and its assets. In certain instances, these issues can metastasize into full blown litigation.
Our sophisticated team of business divorce lawyers spans various disciplines, including litigators, transactional and tax lawyers, and trust and estate practitioners, and has worked with clients in various industries, including eCommerce, healthcare, finance, real estate, construction, marketing, fashion, professional services and automobile dealerships. We understand when it makes sense to settle a dispute and how to negotiate, structure, and memorialize settlements, including through the purchase and sale of assets or the company itself, division of assets amongst the company owners, and amended ownership agreements. We also know when it makes sense to go to trial and the strategies to optimize a successful outcome.