Mergers and acquisitions are easy compared to the opposite—when business partners or subsidiaries go their separate ways. Generational problems, the loss of a partner's interest in or desire to continue to earn his keep, divergent business goals, greed and jealousy are just some of the reasons an otherwise successful business can break up. No executive or professional whose career is tied to a non-public entity is immune from the possibility that the owners of the firm or company will have an irreparable break-up.
We advise partners and shareholders of privately held businesses in valuation, corporate, partnership and tax law in the dissolution or breaking up of the business. We offer empathy and compassion and provide an objective point of view when you're embroiled in these emotionally charged battles, or anticipate partner problems down the road. By way of example, we represented one of the nation's largest and most prestigious private foundations in successfully severing its partnerships with a major New York City real estate icon.
We also counsel the dissolution of professional practice partnerships, including law firms, dental or medical practices and accounting firms. Many well-known law firms, as well as departing members of top-tier law firms, have turned to our business divorce team to represent them when they confront their own business divorces.
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