You and your partner built the company as equals. Fifty-fifty feltfair at the start. It does not feel fair now. One of you wants to cash out and the other wants to keep building. Or you cannot agree on payroll,
Lubin Austermuehle, P.C.
The lawyers at Lubin Austermuehle, P.C. handle all types of internal disputes that may take shape during the course of a company’s formation, management, or dissolution. When it comes to managing a family business, for example, complications may arise that are perhaps unforeseeable. For instance, when spouses who co-own a company decide to divorce, the entity’s value as well as who retains ownership and managing responsibilities must be determined either through negotiations leading to an agreement or by a judge in court.
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Sued in an Illinois Consumer Fraud Class Action? How Defendants Defeat Class Certification
The complaint arrives styled as a class action, and the number at the bottom of the page is built to frighten you. A single fee, a single line in a form contract, or a single advertisement, multiplied across every customer…
Business Partners at War in Illinois: What a Chicago Commercial Litigator Actually Does to Protect You
By Peter S. Lubin and James V. DiTommaso
You own half of a company you helped build, and the other owner has turned on you. The distributions stopped, but the salary he pays himself did not. You asked to see…
Served With a Class Action in Illinois? The First Moves That Decide the Case
By Peter S. Lubin and James V. DiTommaso
A process server hands your company a class action complaint late on a Friday. By Monday you are reading a theory that turns one disputed
charge or one form document into a…
Deadlocked With Your Co-Owner? How Illinois Resolves a 50/50 Business Divorce
You and your partner built this together, fifty-fifty, on a handshake and a shared idea of where the company was going. The split worked until it didn’t. Now you disagree about everything that matters, the strategy, the money, whether to…
What Your Business Partner Owes You Under Illinois Law, and What Happens When He Breaks That Duty
Your partner started a second company. You learned about it from a customer, not from him, and now you notice that the easy jobs still come to your shared business while the lucrative ones quietly go to his. He says…
Illinois Minority Owners: How to Force a Company to Open Its Books
You asked a simple question. Where did the money go? You own a piece of the company, the profits that used to reach you have thinned, and you want to see the financials that would explain why. The controlling owner’s…
When the Wrong Done to Your Company Is Yours to Fix: Illinois Derivative Lawsuits Explained
You find it by accident. A vendor mentions a company you have never heard of, and a week of digging shows that your co-owner has been routing the business’s best work through a second entity he owns alone. Or the…
Frozen Out of Your Illinois LLC? What the LLC Act Lets a Minority Member Do
You own thirty percent of the company, and for the first ten years that felt like a partnership. Then the managing member stopped returning your calls. The distributions shrank and then stopped, though the company is plainly doing well. You…
Being Bought Out of Your Illinois Company? Why the “Fair Value” of Your Shares Is Higher Than the Offer
The offer to buy your shares arrives as a single page. You built a quarter of the company over fifteen years, and the letter values your stake at a number that would not cover two good years of the distributions…