Till Dissolution Do Us Part

Law360, New York (September 29, 2011, 1:16 PM EDT) -- Involuntary dissolution and liquidation caused by a dispute or deadlock among the managing board or owners of a closely held business enterprise is the sad ending to many otherwise promising business stories. It’s an ending that could be avoided in almost all cases with proper advance planning. Like a couple considering marriage, many business partners at the outset of a company’s formation do not envision, and therefore do not plan for, the very real possibility of a bitter ending to the relationship.

 

Business relationships change...
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