How to Negotiate a Business Divorce September 10, 2021 | Business Litigation
Do you live in Palm Harbor FL? Are you currently involved in the dissolution of a business relationship and need some legal help? If this is you, contact The Law Office of Robert Eckard & Associates.
Do you wonder what a business divorce is? Frequently, a business divorce is what you think it is. It is the legal process in which two or more business partners desire to end their business association. You may think it is just business, but a business breakup can create as much drama as a marital breakup.
In the meantime, here is some advice to help negotiate a business divorce.
Remember that it is strictly business, not personal.
After you’ve built a business with an individual, separating the emotion from a business decision can be challenging, especially when splitting up. However, you need to try.
Get advice from someone you can trust.
Prior to getting your legal help from a Palm Harbor business attorney, bounce ideas off this trusted individual. It can be an accountant, financial advisor, business mentor, or lawyer. It could also be a therapist, family friend, or member.
Empathize with your business partner.
Remember their position and interests. Also, empathy is not sympathy. Try to demonstrate that you understand how they feel, even though you may not necessarily agree with it.
What resolution do you desire?
Do you want your business associate to sell you their shares? Consider how much blood, sweat, and tears they have put in over the years and how they will feel.
By starting at the desired result and pressing rewind, you’ll achieve more than if you simply script out a response to your partner’s anticipated comments. That strategy won’t get you anywhere.
As business litigation lawyers in Palm Harbor FL, and experienced negotiators who understand how to help business owners navigate these issues, we know that business divorces are high-stakes negotiations fraught with emotions and stress.
But don’t let fear and apprehension prevent you from pursuing what you want. Contact the office of Robert Eckard & Associates to get the help and guidance you need to make your business divorce go smoothly and ensure the result you want.