Litigation Regarding Business Assets
Every business has assets, which can be understood as something of financial value that belongs to the business. These assets can take dozens of forms, such as property or financial accounts, and sometimes can cause disagreements between co-owners or businesses. Whether those in charge of a business disagree about how the asset should be used or divided up, these divisions created by disagreements over assets can be extremely detrimental to a company, not to mention frustrating to deal with.
Unfortunately, these disagreements often go to court, causing busy businessmen and women to engage in costly and drawn-out litigation. In such a situation, you want to ensure your interests are protected and you are not taken advantage of by others involved in the litigation. As such, many people choose to enlist the support and guidance experienced legal professionals can provide in such a situation.
Examples Of Business Assets
Business assets, which can come in a variety of different forms, are often worth a great deal of money, which can easily lead to disagreements. Litigation regarding business assets most commonly occurs over the following assets:
- Real estate
- Office supplies
- Office furniture
- Financial accounts and cash
While agreements are often reached regarding disagreements over these and other business assets, there are many situations in which these disagreements cannot be resolved, leading to litigation.
Facing litigation regarding business assets can drain valuable time, money and effort, especially if you don’t reach the outcome you want. However, with the help of experienced attorneys from Slater Pugh, Ltd. LLP, you can better ensure that you reach a desirable outcome and are able to still focus on other aspects of running your company. Contact the firm to discuss your situation and find out what we can do for you.