Business Divorce Lawyer — New York and New Jersey
Are you fighting with a business partner? Has a co-owner stopped contributing, started acting against the company's interests, or left you frozen out as a minority owner? Have you simply reached the point where you and your partner can no longer work together?
Whatever brought you here, Russo Law LLC can help. We represent majority and minority owners of LLCs, partnerships, and corporations throughout New York and New Jersey who need to remove a business partner, negotiate a buyout, or dissolve the business — before and after litigation becomes necessary.
Common Business Partner Disputes We Handle
- A partner is no longer contributing or has abandoned the business
- A co-owner is misappropriating funds or breaching their fiduciary duty
- A minority owner is being frozen out or oppressed by majority owners
- Partners disagree over the direction of the business or profit distributions
- One partner wants out and the other won't cooperate
- A buyout cannot be agreed upon and the business needs to be dissolved
How We Help You Resolve a Business Partner Dispute
When a business partner relationship breaks down, there is rarely a one-size-fits-all solution. Russo Law LLC approaches every business partner dispute by first understanding the business, the governing documents, and what outcome the client is actually trying to achieve. From there, the path forward typically involves one or more of the following:
Negotiation and Pre-Suit Resolution. In many cases, a business partner dispute can be resolved through direct negotiation — often without ever filing a lawsuit. Russo Law LLC works to reach a practical agreement that protects our client's interests and allows the business relationship to end cleanly, whether through a buyout, a restructured ownership arrangement, or a mutual dissolution.
Partner Buyout Agreements. One of the most common resolutions to a business partner dispute is a buyout — one partner purchasing the other's ownership interest. Russo Law LLC helps clients negotiate and document buyout terms, including the purchase price, payment structure, promissory notes and security agreements where applicable, and any post-buyout non-compete or non-solicitation obligations.
Business Dissolution. When partners cannot agree and no buyout is possible, dissolving the business may be the only path forward. Russo Law LLC guides clients through voluntary and judicial dissolution proceedings for LLCs, partnerships, and corporations under New York and New Jersey law.
Litigation and Arbitration. When negotiation fails, Russo Law LLC is fully prepared to litigate or arbitrate. We handle judicial dissolution proceedings, dissenting shareholder proceedings, derivative lawsuits, books and records demands, and requests for emergency injunctive relief — including temporary restraining orders — when a partner is actively harming the business.
What Is a Business Divorce?
"Business divorce" is the term lawyers and courts use to describe the financial and legal separation of business partners — the process of unwinding a shared ownership relationship between co-owners of an LLC, partnership, or corporation. It is called a business divorce because, like a personal divorce, it involves dividing assets, determining what each party is owed, and separating two parties who were once aligned but can no longer work together.
New York and New Jersey law — and the contracts governing the business, including partnership agreements, operating agreements, and corporate bylaws — play a central role in how a business divorce is resolved. For that reason, it is important to consult with an experienced business partner dispute lawyer as early as possible. The sooner you get legal guidance, the more options you typically have.
Ready to End Your Business Partnership? Let's talk.
If your relationship with your business partner is becoming strained or if you’ve had enough and are ready for a business divorce, call 929-262-1101 or schedule a consultation with a business divorce lawyer.
We represent business owners throughout New York and New Jersey — and the first conversation is always free.
