In a way, a business partnership is a kind of a marriage. You have two parties that see the benefits of being together. They feel that, together, they can accomplish more. Perhaps they even genuinely like each other. Just like a marriage, sometimes it eventually ends. Sometimes the most prosperous of business partners can arrive at irreconcilable differences and eventually partnership disputes. Some of the most common differences leading to partnership disputes are:
- Arguments over the management and direction of a company
- Arguments over how profits are divided
- Arguments over a business sale
- Arguments over a minority owner or shareholder feeling oppressed or ignored
- A minority owner getting squeezed out of a business
- A majority owner breaching their fiduciary duties
- A misuse of the company’s assets
- Accusations of embezzlement or fraud
When partnership disputes take place, relationships can deteriorate to the breaking point. When that happens, it’s common for litigation to occur and investigations to take place. At that point, that’s when our clients contact us. Founded in 2002, Forensic CPA Group provides a number of financial and accounting services, including partnership disputes. We have the experience and attention to detail needed to sift through complex documents and assets to unearth the truth. For more information, or to schedule a consultation, contact us today!