Nothing lasts forever, and businesses are certainly no different. In some cases, businesses dissolve for amiable reasons: like a merger or buyout in which the business carries on under different owners. Receiving a profitable offer for the acquisition of a business is usually seen as a great success for business founders. In other cases, businesses are forced into dissolution due to extended periods of insolvency. Regardless of whether the dissolution of a business is amicable, there are many legal details and contingencies that require experienced business law attorneys.
Business Dissolution Lawyers in Riverside and Irvine
For more than 10 years, owners and agents of dissolving businesses have trusted the Riverside and Irvine business dissolution lawyers of Fernandez & Lauby LLP. We represent business entities in all manner of issues that arise in the context of dissolution. Call toll free at 888-959-8508 or email us today.
Business Dissolution Concerns and Scenarios
Even in the most amiable of dissolution scenarios, there are a myriad of complex issues that need to be resolved:
- Paying off business debts
- Severance packages for executives and other agents of the company
- Distribution of assets
- IRS and state filing and compliance
- Closing bank accounts
Our business dissolution attorneys in Riverside and Irvine can help you with any aspect of the dissolution process.
Some dissolutions result in one way or another from partnership disputes. Conversely, partnership disputes often arise from disagreements in the process of dissolution. Our business dissolution lawyers have a wealth of experience helping our clients resolve their disputes that arise, including:
- Partnership agreements and disputes
- Breach of contract
We offer business litigation services and alternative dispute resolution (ADR) services like mediation and arbitration.
Estate Planning Implications
If the nature or ownership of a business changes, the interests in that former entity will change, as well. If you have an interest in a business that dissolved, you will need to update your estate plan as soon as possible so that it reflects this change. We will help you revise your wills and trust documents to include a more accurate, up-to-date business succession plan.
Contact a Business Attorney in Riverside or Irvine Today!
At Fernandez & Lauby LLP, we focus on finding cost-effective results that meet our clients' needs. As Irvine and Riverside business dissolution lawyers, we adapt our approach to meet each client's exact needs. Call 888-959-8508 toll free, or contact us online to schedule a free initial consultation with a Southern California business dispute attorney from Fernandez & Lauby LLP.