Partnership Disputes

A partnership begins when two or more people join together to start a business venture.

Unfortunately, as with many close relationships, conflicts often arise. Partners may disagree on finances, hiring, roles, and other important aspects of running a business. If these disputes are not addressed, the business can lose profits or the partnership may end.

Partnership Dispute Resolution

An agreement that expressly details dispute resolution is imperative for any partnership. Whether you need assistance in creating such an agreement or resolving a dispute, we are here to help.

Thrift McLemore understands that a partnership is a blend of professional and personal relationships and that disputes can exacerbate preexisting frictions. Our attorneys bring an unbiased, legal viewpoint to the situation. We will work to resolve matters between the partners or help to dissolve the partnership if that is the best outcome for all parties.

Acting as mediators, we strive to resolve partnership disputes without lawsuits or other court interventions and realign the partnership to support future success. If a dispute cannot be resolved through discussion and mediation, we will represent a partner in a litigation process.

Our Aim

Our aim is to evaluate the disputes between partners and structure an outcome that is in the best interest of the individuals and the partnership itself. We will use mediation and other resources in an effort to reunify the partnership and structure it for continued success or help to dissolve it as needed.

Common Causes of Partnership Disputes:

Failure to delineate authority;
Disputes regarding how resources should be used;
Failure to fairly distribute workloads;
Differing visions for the company;
Misappropriation of assets or business opportunities;
Fraudulent activity;
Breach of contract;
Interference with a contract;
Real estate disputes;
The division of assets during dissolution; and
Lost business opportunities.

Blog Posts about Partnership Disputes

Business Divorce 101: When Business Partners Part Ways
By Craig Thrift |
Jan 20, 2025
A business divorce occurs when conflicts or a disagreement in goals for the business cause co-owners to legally separate which may involve reviewing and revising agreements, valuing the business, negotiating a buyout, or dissolving the business. Alternative dispute resolution methods like mediation or arbitration can help a business go through a ‘divorce’ without the need for litigation.
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Non-Compete Agreements: How Solid Is Yours?
By Ryan McLemore |
Aug 2, 2023
Non-compete agreements are frequently misunderstood and often misused by Employers. Common pitfalls include failing to properly identify what is being protected, inappropriate use of a non-compete agreement, and failing to review the continuing necessity of such agreements. State law governs the enforcement of non-compete agreements which may include pursuing monetary damages or injunctive relief.
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A Guide to Business Succession in Georgia
By Craig Thrift |
Apr 27, 2023
Business succession planning ensures a smooth transition for your business upon your death, disability, or retirement and may involve tools such as buy-sell agreements or stock purchase contracts. Key considerations in a business succession plan include tax implications, liability protection, and local regulations in Georgia. Should You Own Your Rental Property in an LLC?
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What you need to know about LLCs in Georgia
By Craig Thrift |
Jun 2, 2022
A Georgia LLC combines the benefits of partnerships and corporations while also offering limited liability, operational flexibility, and pass-through taxation. An LLC is relatively easy to form, requiring Articles of Organization to be filed with the Secretary of State followed by annual registration.
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What You Need to Know About Georgia General Partnerships
By Craig Thrift |
Oct 22, 2020
In Georgia, a general partnership automatically forms when two or more people co-own a business for profit, offering simplicity, pass-through taxation, and flexibility. Risks of operating as general partners include unlimited personal liability and potential complications in transferring ownership. A partnership agreement can help clarify roles and responsibilities if you choose to form a general partnership.
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Bank Fraud, Phishing and Checksystems Case
By Craig Thrift |
Feb 12, 2019
Phishing scams trick individuals into providing sensitive data, often leading to identity theft and financial loss. In one case, a victim unknowingly aided mobile bank fraud and, despite the lack of proper investigation to find the actual perpetrator, was penalized by their bank and ChexSystems.
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