Partnership Dispute Attorneys In Philadelphia And Across Pennsylvania

When someone you trusted starts making decisions that benefit them at your expense, the financial damage is only part of the problem. The breach of trust can put your business, your livelihood and years of work at risk. Since 1982, Lipsky and Brandt has represented business owners in Philadelphia and across Pennsylvania facing exactly that situation. As a boutique litigation firm, Lipsky and Brandt handles business divorces and other complex commercial disputes throughout Pennsylvania and New Jersey.

Four attorneys at the firm hold degrees from the Wharton School. When clients are facing concerns over misappropriation of company funds or business valuation, the attorneys at Lipsky and Brandt can read the financials, challenge an inflated or lowballed valuation and spot when a partner is moving money.

Can You Sue Your Business Partner In Pennsylvania?

Yes, you can sue your business partner in Pennsylvania. Pennsylvania courts can review financial records, examine partner conduct and order relief under the Uniform Partnership Act and partnership agreements. An experienced Philadelphia partnership dispute lawyer can evaluate your situation and explain your legal options.

Common grounds for a business partner or LLC member dispute include:

• Breach of fiduciary duty: Prioritizing personal interests over the business
• Breach of the partnership or operating agreement: Acting against the terms you both signed
• Misappropriation of funds: Stealing or misusing partnership assets
• Freeze-out: Excluding you, often a minority owner, from operations, profits or decisions in violation of partnership rights or fiduciary duties
• Fraud: Deceiving you about the finances or health of the business

Depending on the facts, available remedies include damages, an accounting, injunctive relief or dissolution of the partnership.

How Do You Remove A Partner Or Dissolve A Partnership In Pennsylvania?

Some partnerships break down beyond repair, and for many business owners, ending the relationship is the right move. When the relationship has broken down, your legal options may include:

• Negotiated buyout: One partner purchases the other’s interest at a price based on an agreed or independent business valuation
• Buy-sell agreement enforcement: Holding your partner to the exit terms, pricing formula or triggering events already written into your operating agreement
• Mediation: A neutral third party helps both sides reach a confidential settlement without the cost and delay of trial
• Court-ordered removal of a partner: Asking a court to expel a partner whose misconduct makes it impractical to continue the business with them
• Court-ordered dissolution: Asking a court to wind down the business and divide its assets when the partnership can no longer function

In nearly every one of these paths, the outcome depends on what the business is actually worth, which is where the firm’s financial training gives clients an advantage.

Do Not Let A Bad Partner Decision Cost You Everything You Built

You have every right to hold your partner accountable for both the financial harm and the breach of trust this situation involves. Lipsky and Brandt serves clients from offices in Philadelphia, Pennsylvania, and Voorhees, New Jersey, and the firm’s attorneys respond quickly with focused, decisive representation. Call the firm at 215-922-6644 or reach out online to schedule your consultation.