Respected Myrtle Beach Corporate Litigation Attorneys
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From time to time, partners in a limited liability company (LLC) become involved in disputes, and sometimes these disputes must be resolved using corporate litigation in an area of business law that involves providing counsel and legal representation to business enterprises. If you need a trusted attorney to help you navigate difficult corporate litigation matters, consult the team at DesChamps Law Firm in Myrtle Beach. Our practice features skilled litigators who have experience resolving a wide range of business-related disputes across the state of South Carolina.
Managing disputes between partners in an LLC
Sometimes, an LLC’s operating agreement contains guidelines on resolving disputes. If this isn’t the case, or if these guidelines are not appropriate, it may be necessary to seek third-party mediation. If mediation fails, the next step is to take the matter to court. Occasionally, an operating agreement contains a waiver to the right to a jury trial, in which case a judge will decide the matter. The partners may also choose to arbitrate the dispute.
Disputes between LLC partners can occur for many reasons. If there isn’t clear communication between partners, expectations may be misunderstood. Members may disagree on a business matter or a manager might fail to live up to certain standards. Sometimes, a partner breaches a law or fiduciary duty.
Common reasons for shareholder disputes
Disputes between corporate shareholders are also fairly common. Sometimes, minority shareholders feel their rights have been ignored, that they have been excluded from the company’s management, that their entitlement to dividends or profit share has not been received or that other shareholders are operating in a way that is contrary to their interests. Majority shareholders may encounter problems with dissident shareholders, partners who refuse to cooperate in the company’s management or other conflicts.
In general, shareholder disputes may arise for any number of reasons, but some of the most common disputes include the following:
In some situations, it may be necessary to engage in litigation to resolve these issues. However, in other cases it’s possible to reach an agreement between all parties using mediation or arbitration. A skilled attorney can help you determine the best path for you or your organization.
Work with a trusted corporate litigation lawyer in South Carolina
DesChamps Law Firm in Myrtle Beach has served the area for more than 37 years, assisting with a wide range of corporate litigation issues. To set up a meeting, call 843-353-6120 or contact us online.