Partnership Dispute Attorneys in Frisco

Partners and LLC members owe each other fiduciary duties, which are legal obligations to act in the best interest of the business and the other partners rather than in their own personal interest at the expense of the others. Common breaches include self-dealing, using company assets or opportunities for personal gain, hiding financial information, making unauthorized decisions, and diverting business to a competing entity. A breach of fiduciary duty claim is one of the most serious allegations in a partnership dispute and can result in significant damages.

Whether and how you can remove a partner or member depends on what your partnership agreement or LLC operating agreement says. Some agreements include provisions for involuntary buyout or removal under specific conditions. If the agreement is silent or the other party refuses to honor it, a court can order relief under certain circumstances, including cases where a partner has committed fraud or material breach. This is a fact-specific analysis that requires a review of your specific agreement and situation.

Deadlock between equal partners is one of the most difficult situations in business law because neither party has the authority to override the other. The resolution depends on what the governing agreement says about deadlock. Some agreements include tiebreaker provisions, mandatory buyout procedures, or dissolution triggers. If the agreement does not address it, Texas law provides some remedies through the courts, including judicial dissolution in cases where the deadlock makes it impossible to operate the business effectively.

Not necessarily. Many partnership disputes resolve through direct negotiation, formal mediation, or arbitration if the governing agreement requires it. However, when one party is acting in bad faith, misappropriating assets, or refusing to engage in good faith resolution, court intervention may be necessary. An attorney can assess the situation and advise on the most effective path given the specific circumstances and what is at stake.

Texas is a federal OSHA state, meaning the federal Occupational Safety and Health Administration has jurisdiction over most private employers in Texas. Texas does not have a state-run OSHA plan for private sector employers, though state and local government employees are covered separately. Most private businesses operating in Texas with one or more employees are subject to federal OSHA requirements.

Yes. Most business co-ownership disputes in Texas today involve LLCs rather than traditional partnerships, and the legal framework is similar in many respects. Our attorneys handle disputes involving LLC members, managers, and the operating agreements that govern those relationships. The same general principles around fiduciary duty, breach of agreement, and available remedies apply in both contexts.