Attorney Michael Campbell Explains What Are Some Common Business Disputes
Common business disputes are usually about money—unpaid goods—but often it's partners within a business who stop getting along, explains Pierce County, Washington attorney Michael Campbell. He likens a partnership breakup to a divorce: how you exit depends on the entity type and its articles, which typically require buying a partner out at fair market value or a set formula.
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Answered by Michael Campbell · Pierce County, WA
Highlights
Frequently Asked Questions
What are common business disputes?
Usually money—unpaid goods—but often it's partners within a business who stop getting along.
How do you exit a business partnership?
It depends on the entity type and its articles, which typically require buying a partner out at fair market value or by a set formula.
Is there a real example?
Yes—a tire-shop buyout shows the process in action, applying the articles' formula to value and buy out a departing partner.
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