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Tampa Bay Business Disputes: Dividing Assets After a Dissolution
March 15, 2023
When a business dissolves, the process of dividing assets can be complex and emotionally charged. It is important to have a clear understanding of the legal processes involved and the various options available to resolve disputes. A Tampa business lawyer can help guide you through the process and ensure that your interests are protected.
Business Dissolution
Business dissolution can occur for many reasons, including retirement, financial difficulties, or disputes between owners. When a business is dissolved, it must be officially terminated with the state of Florida. This process involves several steps, including the distribution of assets, termination of contracts, and filing of final tax returns.
Dividing Assets After a Dissolution
Dividing assets can be one of the most contentious aspects of business dissolution. It is important to determine the fair value of assets, including property, inventory, and accounts receivable. Once the value of assets is determined, they must be divided between the parties involved. This can be done through negotiation, mediation, or litigation.
Seek Legal Assistance from a Tampa Business Attorney
Navigating a business dissolution and the division of assets can be a complex process. An experienced Tampa business attorney can help guide you through the process and ensure that your interests are protected. They can help with negotiations, mediation, or litigation and ensure that the process is handled efficiently and effectively.
At The Law Office of Robert Eckard & Associates, P.A., we have a team of experienced attorneys who can help you navigate the dissolution of a business and the division of assets. We have a deep understanding of Florida business law and can help you find the best solution for your situation. Contact us today to schedule a consultation and learn how we can help.