Houston & Fort Worth Business Dissolution Litigation Lawyer
Award-Winning Attorney on Your Side
Many events and reasons can occur that lead business owners to the dissolution of their company. Regardless of the reasons for dissolving, the termination of a business entity involves numerous steps that must be taken to complete the process. As a legal entity, businesses are required to wrap up their business affairs and, in the end, file a certificate of termination with the state of Texas. Throughout the process of business dissolution, however, disputes may arise between various parties that will need to be resolved, either through negotiation, arbitration, or through civil court litigation before a judge.
If you are facing this prospect, you will need effective legal advice and guidance to help you reach the best possible case conclusion. At Your Texas Probate Attorneys, Attorneys at Law, you can work with a skilled business litigator who has decades of practice in resolving these matters, whether through skilled negotiation outside of court or as a trial attorney before a judge. Our firm provides high-performance counsel dedicated to ensuring that your legal rights and best interests are protected and pursued throughout every phase of the legal process.
Business Dissolution in Texas
Businesses can be held as sole proprietorships, partnerships, or as various types of corporations. Regardless of the structure, when your business must be dissolved, certain actions must be taken. Generally, the dissolution of a business may be triggered by an event such as business failure or some action initiated by the Board of Directors followed by the consent of the shareholders. In many cases the events that may lead to business dissolution may have been established in the company’s governing documents.
To dissolve a business in Texas, the following steps may be required:
- The issuance of appropriate legal notices.
- Paying off debts and liabilities.
- Collecting on all monies owed the company.
- Obtaining a valuation of all business property and assets
- Liquidating assets and property.
- Handling all accounting and tax considerations.
- Distributing the proceeds of any funds left over from the above steps.
Throughout this process, disagreements may arise between business owners as to how best to deal with the above steps. Other disagreements may arise between business owners, creditors, vendors, those that owe the business various types of payment, and others. Issues can arise involving breach of contract, breach of fiduciary duty, and more. These issues can take place between partners, between management and shareholders, between any parties with a claim or interest involving the business. Many moving parts can be involved between various parties in winding down a business and handling the legal steps required to do so.
Work with an Effective Business Litigator
At Your Texas Probate Attorneys, Attorneys at Law, you can be confident that our Houston & Fort Worth business dissolution litigation attorney understands all the issues that can arise and can apply his 20 years of business law and litigation experience to help you. Disputes over business litigation and property can often be settled outside of court with the assistance of our attorney as a skilled negotiator. If a trial becomes necessary, however, Attorney Keith Morris has the experience and resources necessary to aggressively represent you in civil court.
Talk to our attorney about your case today. Contact us at (844) 878-0700 in Houston and (817) 532-6797 in Fort Worth or via our online request form.