Partnership & Shareholder Dispute Attorney in Illinois

Partnership & Shareholder Disputes

Disputes among partners and shareholders are common in business ownership. Conflicts may arise over corporate decisions regarding compensation, management, or when a partner is denied the benefits of ownership. These disagreements can disrupt business operations, affect profit margins, and impact the corporation's future success. Our experienced Illinois partnership and shareholder dispute attorneys at Lubin Austermuehle are here to assist with litigation. We represent businesses of all sizes and across various industries.

Comprehensive Legal Support for Business Disputes

If you have an interest in a corporation, LLC, partnership, or another business entity and are facing a dispute with co-owners, it's crucial to resolve the matter efficiently and effectively. While some disputes can be settled before litigation, others may require court intervention. The skilled business attorneys at Lubin Austermuehle understand the importance of protecting your company and will work diligently to achieve a favorable outcome.

Partnership disputes arise between business co-owners, whether they are corporate shareholders, LLC members, or partners. These disputes, sometimes referred to as "business divorces," can involve a variety of issues such as breaches of fiduciary duty, shareholder agreements, and unjust enrichment.

Types of Partnership & Shareholder Disputes We Handle

At Lubin Austermuehle, we assist clients with various partnership and shareholder disputes, including:

  • Breach of fiduciary duty
  • Breach of shareholder agreement
  • LLC disputes and operating agreements
  • Bylaws and shareholder agreements
  • Trade secret agreements
  • Capital contributions
  • Unjust enrichment
  • Accounting issues
  • Fraud
  • Constructive trusts
  • Statutory claims under the Business Corporation Act of 1983
  • Claims under the Limited Liability Company Act

Our attorneys provide responsive counsel and tailored strategies to meet our clients' needs. Whether through mediation, arbitration, or litigation, we are prepared to advocate for your interests.

Resolving Partnership or Shareholder Disputes

Different statutes and case laws apply depending on the business entity involved. However, the legal process for partnership and shareholder disputes often involves reviewing company information, negotiating resolutions, or using alternative dispute resolution methods. Pre-litigation solutions may include buyouts, reimbursement for misappropriated funds, compensation adjustments, or new policies.

If negotiation or settlement discussions fail, litigation may be necessary. Filing a lawsuit can result in remedies such as injunctions, buyouts, and damages for monetary harm. Shareholder oppression claims under Section 12.56 of the Business Corporation Act offer various options, including director and officer removal or corporate dissolution.

Even during litigation, settlements can be reached. Our civil litigation attorneys at Lubin Austermuehle are skilled negotiators and aggressive litigators, using their extensive legal knowledge to protect your company and its bottom line.

Contact Experienced Illinois Business Lawyers

If a shareholder or partnership dispute threatens your business, having an experienced attorney is essential. Located in Chicago, Oak Brook and Highland Park, Lubin Austermuehle serves small businesses and corporate owners throughout Illinois. We are committed to helping you achieve a positive outcome, regardless of the complexity of your legal matter. Schedule a free consultation with us online or call 630-333-0333 to learn how we can assist you.

Client Reviews
I was referred to Peter Lubin from someone in the car business to handle a law suit. From the moment I made the appointment Peter and his staff were outstanding. This wasn't an easy case, most lawyers had turned me down. However, Peter took the time to meet with me and review everything. He took on the case, and constantly communicated with me about updates and case information. We beat this non-compete agreement case in record time. I would use him again and recommend him to my closest family and friends. 5 stars is not enough to thank him for his service. Sebastian R.
I worked on two occasions with Peter Lubin and his staff. They took their time with me and discussed each and every item in detail. The group makes you feel like you are part of the family and not just another hourly charge. I recommend Peter to anyone who asks me for a referral. If you are looking for a top notch attorney at a reasonable rate, look no further than Lubin Austermuehle. Kurt A.
Excellent law firm. My case was a complicated arbitration dispute from another state. Was handled with utmost professionalism and decency. Mr. Peter Lubin was able to successfully resolve the case on my behalf and got me a very favorable settlement. Would recommend to anyone looking for a serious law firm. Great staff and great lawyers! Albey L.
I have known Peter Lubin for over 30 years. He has represented me on occasion with sound legal advice. He is a shrewd and tough negotiator leading to positive outcomes and averting prolonged legal hassles in court. He comes from a family with a legal pedigree and deep roots in Chicago's top legal community. You want him on your case. You need him on your opponents case. He won't stop fighting until he wins. Christopher G.
Peter was really nice and helpful when I came to him with an initial question about a non-compete. Would definitely reach out again, recommended to everyone. Johannes B.