Business Partner Disputes

Business partner disputes, often referred to as “business divorces,” arise when the owners of closely held entertainment and media companies can no longer agree on the management or direction of the business.

Many of these disputes develop over months, if not years, before rapidly spiraling into litigation

Disagreements over finances, compensation, ownership rights, and strategic decisions frequently escalate after one owner is denied access to the company's bank accounts, accounting or billing systems, websites, domain names, email, or social media accounts, or discovers that the other owner has diverted business opportunities, misused company funds, or failed to accurately account for company revenue.

Other disputes stem from resentment when one owner believes they are generating substantially more business, contributing more time, or carrying a disproportionate share of the workload while profits continue to be divided equally. By the time these issues come to light, the relationship has often deteriorated to the point where litigation or a negotiated separation is the only practical solution.

Lewis & Lin represents clients in LLC member disputes, 50/50 owner disputes, shareholder disputes, partnership disputes, and other ownership disputes involving closely held New York businesses. We handle claims involving business divorces, deadlocks, breaches of fiduciary duty, embezzlement, derivative actions, accounting disputes, minority owner oppression, buyout disputes, member withdrawals, and the enforcement and interpretation of operating agreements, shareholder agreements, and partnership agreements.

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