Partnership & Shareholder Dispute Attorney in Illinois

Partnership & Shareholder Disputes

Disputes among partners and shareholders are common in business ownership. Conflicts may arise over corporate decisions regarding compensation, management, or when a partner is denied the benefits of ownership. These disagreements can disrupt business operations, affect profit margins, and impact the corporation’s future success. Our experienced Illinois partnership and shareholder dispute attorneys at Lubin Austermuehle are here to assist with litigation. We represent businesses of all sizes and across various industries.

Comprehensive Legal Support for Business Disputes

If you have an interest in a corporation, LLC, partnership, or another business entity and are facing a dispute with co-owners, it’s crucial to resolve the matter efficiently and effectively. While some disputes can be settled before litigation, others may require court intervention. The skilled business attorneys at Lubin Austermuehle understand the importance of protecting your company and will work diligently to achieve a favorable outcome.

Partnership disputes arise between business co-owners, whether they are corporate shareholders, LLC members, or partners. These disputes, sometimes referred to as “business divorces,” can involve a variety of issues such as breaches of fiduciary duty, shareholder agreements, and unjust enrichment.

Types of Partnership & Shareholder Disputes We Handle

At Lubin Austermuehle, we assist clients with various partnership and shareholder disputes, including:

• Breach of fiduciary duty
• Breach of shareholder agreement
• LLC disputes and operating agreements
• Bylaws and shareholder agreements
• Trade secret agreements
• Capital contributions
• Unjust enrichment
• Accounting issues
• Fraud
• Constructive trusts
• Statutory claims under the Business Corporation Act of 1983
• Claims under the Limited Liability Company Act

Our attorneys provide responsive counsel and tailored strategies to meet our clients’ needs. Whether through mediation, arbitration, or litigation, we are prepared to advocate for your interests.

Resolving Partnership or Shareholder Disputes

Different statutes and case laws apply depending on the business entity involved. However, the legal process for partnership and shareholder disputes often involves reviewing company information, negotiating resolutions, or using alternative dispute resolution methods. Pre-litigation solutions may include buyouts, reimbursement for misappropriated funds, compensation adjustments, or new policies.

If negotiation or settlement discussions fail, litigation may be necessary. Filing a lawsuit can result in remedies such as injunctions, buyouts, and damages for monetary harm. Shareholder oppression claims under Section 12.56 of the Business Corporation Act offer various options, including director and officer removal or corporate dissolution.

Even during litigation, settlements can be reached. Our civil litigation attorneys at Lubin Austermuehle are skilled negotiators and aggressive litigators, using their extensive legal knowledge to protect your company and its bottom line.

Contact Experienced Illinois Business Lawyers

If a shareholder or partnership dispute threatens your business, having an experienced attorney is essential. Located in Chicago, Oak Brook and Highland Park, Lubin Austermuehle serves small businesses and corporate owners throughout Illinois. We are committed to helping you achieve a positive outcome, regardless of the complexity of your legal matter. Schedule a free consultation with us online or call 630-333-0333 to learn how we can assist you.