Lassiter & Sperati, P.L.L.C. | Attorneys . Eastern North Carolina

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Lassiter & Sperati, P.L.L.C. | Attorneys . Eastern North Carolina
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Personalized Counsel And Representation Since 1908

Rocky Mount Partner And Shareholder Disputes Attorneys

Founded in 1908, Keel Lassiter, PLLC‘s lawyers work with business owners and shareholders in high-stakes internal disputes. We have an established reputation for service that includes reasonable fees, responsiveness and highly sought-after effectiveness. We work hard for business law clients across Rocky Mount and throughout eastern North Carolina to find the way through these highly difficult pieces of litigation.

Common Causes Of Partner And Shareholder Disputes In North Carolina

It is fairly common for partners and shareholders to disagree with each other, but a dispute that rises to litigation is very different from a standard disagreement. We represent clients who have moved beyond the ordinary dispute and into such a reason as:

  • Decision-making deadlocks
  • Unequal workloads
  • Fiduciary duty concerns
  • Disagreements over company direction

These disputes can become a serious threat not just to you, but to the company as a whole. And as ownership fights drag on, so do the financial impacts to the business. It is in your best interest to find a resolution quickly and we can help you do that.

Options For Closely Held Businesses

In closely held businesses, typically smaller partnerships or family businesses, there are a few practical paths to resolution:

  • Negotiated buyout: Negotiating the monetary value of a full buyout of one of the partners in a dispute. This has the advantage of ending the dispute and letting a partner walk away completely while preserving the company. However, this can come with valuation disputes as you reach a settlement.
  • Dissolution: Selling the company to a third party is often seen as a nuclear option in an ownership dispute and it removes all disputing ownership from the company.
  • Restructuring: Going back to the original operating contracts and restructuring the company and duties is another option to find a way forward with a closely held business.

The simple truth is that an ownership dispute will have outside impacts on the day-to-day operation of the company.

Breach Of Fiduciary Duty, Misuse Of Company Funds And Records/Accounting Disputes

As a matter of course, some of the most foundational disputes involve such issues as misconduct. Whether it rises to the level of a fiduciary duty or includes fraud allegations, your company’s reputation may be at stake. And you have to act.

We can investigate any instance of irregularity under the umbrella of attorney-client privilege and offer you guidance. We can help you protect the business and prevent difficulties in the future.

Strategic Resolution With Keel Lassiter, PLLC

We can offer you strategic options, from traditional litigation to private settlements to even alternative dispute resolution methods, like mediation. We bring a comprehensive approach to your case and offer you options that you may not have thought of first or even knew existed.

Overall, we recommend proactive action when you worry about an ownership dispute. The faster you move, the easier you may find the outcomes. Reach out today for a consultation by calling 252-557-4582 or sending an email using this form.