Chicago Business Attorney Blog
Business partner disputes are one of the most common reasons companies end up in litigation. They are also one of the most preventable.
The phone call usually starts the same way. Two or three people built a business together. Things were good for a while. Then one partner wants to leave, or wants the other one out, or stops showing up, or starts taking money they are not entitled to, or quietly starts a competing business on the side. And when the moment of crisis arrives, everyone reaches for the operating agreement.
What they find there determines almost everything about what happens next.