Closely Held Businesses and Partnership Dispute Resolution
A closely-held business and a partnership, even if the active participants are not related by blood or family, is very much like a family. When partners and closely-held business owners experience conflict and have a dispute they are unable to resolve, their relationship is very much like a marital dispute. For this reason, meeting with a trained family mediator with expertise in business and finances can be a good step towards resolving the dispute.
Partners may no longer be talking productively to each other, although working in the same location day after day. Their mutual dysfunction can cause pain on a daily basis. The conflict may cause the business to fail. There is painful fallout to the spouses and families of the partners, and to the employees of the business. These conflicts, if unaddressed, can spin out into litigation.
A family mediator can be brought in to facilitate a process of discussion and negotiation, leading to resolution and possibly reconciliation. The result can lead to a positive outcome for the partners, with greater understanding and a plan as to how to move forward.
If you are considering mediation services for your family business, and would like to speak with a MCFM mediator, search our database for family business mediators specializing in Partnership Dispute Resolution within the Commonwealth of Massachusetts.
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