When a business or its owner has a dispute with a business partner, it is important that the business and its owners obtain legal representation to protect their interests. Frequently, due to the allegations raised, the business requires separate representation from the owner to protect its interest. Renner Law handles all aspects of shareholder, LLC member and partnership disputes, including claims involving:
- Breach of fiduciary duty
- Breach of contract
- Conflicts of interest and self-dealing
- Shareholder derivative actions
- Minority shareholder, LLC and partnership rights
- Excessive management compensation
- Unfair buy-out agreements
- Failure to pay dividends or distributions
- Deadlocks and freeze-out disputes
- Appraisal rights
Partnerships may be formed with or without a written partnership agreement. When there is no written agreement, or when the written agreement is ambiguous, state law governs the partnership relationship. Each partner owes duties and obligations to the others, and it is upon these duties that partnership dispute cases are premised. Renner Law knows how to position partnership disputes cases for maximum results.
Breach of Fiduciary Duty
One of the more common legal bases for shareholder, LLC member and partnership disputes is a breach of fiduciary duty. This type of suit alleges that the defendant failed to live up to his obligation to act for the benefit of the business and other partners and shareholders. The defendant may have put his or her own interest first, or may have simply failed to act in a prudent and competent manner.
Whether through litigation, arbitration or mediation, Renner Law aggressively pursues each client's case.
Renner Law serves shareholder, LLC member and partnership disputes clients throughout Rhode Island and Massachusetts from its Providence, Rhode Island offices. Call (401) 404-5251 or contact Renner Law online today.