Business divorce
Subtitle: understanding its dynamics and formulating solutions
By: Stephen H. Knee, editor
Contributors: American Bar Association. Solo, Small Firm and General Practice Division
Publisher: American Bar Association
Published: 2015
Place of publication: Chicago, Illinois
Language: eng
Number of pages: 110
ISBN-13: 9781627228640; 9781627228657
Subjects: Liquidation; Sale of business enterprises; Law and legislation
Description: "Being in business with another party or parties is a marriage. As in any marriage, different people approach things in different ways. It is therefore important to provide for governance, succession planning, and exit strategies for participants at the time the business is formed and to memorialize these provisions in a written agreement updated as circumstances change. The purpose of this book is to point outand offer to lawyers, accountants, and other business advisors to privately owned businesses a discussion ofthe practical, legal, and psychological issues most commonly present in a business breakup, as well as methods of resolution and preventative approaches to the problem. This title deals with two situationspreventative measures that should be taken at the time of formation and the most common issues involved when the situation has passed the point of no return. It also discusses valuation issues and issues common in structuring the divorce, as well as issues in the methods of resolution. his book is an ideal reference for anyone working with clients in closely held businessespartnerships, limited partnerships, limited liability partnerships, limited liability limited partnerships, limited liability companies, and corporations." -- publisher.
Notes: Includes bibliographical references and index.