Corporate
Oct. 16, 2023
Unhappily ever after – saving your company when your business divorce winds up in court
This article explores the specific steps to halt the dissolution process, highlights some traps for the unwary, and encourages parties to a dissolution action to promptly seek an order from the trial court that governs the orderly administration of the appraisal process.
Aaron M. Gladstein
Partner
Boren, Osher & Luftman LLP
Phone: (310) 322-2021
Email: agladstein@bollaw.com
It is common for business partners to have disagreements in the course of running their business together. Far less common is for parties to reach the breaking point of filing a lawsuit to judicially dissolve the business – the business divorce. If that occurs, there is a statutory process under the Corporations Code that gives an interested party the absolute right to keep the business alive by purchasing the interest of the party seeking judicial dissolution at fai...
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