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Minnesota Litigation To Dissolve A Business: Resolving Complex Disputes

Last updated on March 19, 2025

Seeing a business come to an end can be an emotional and challenging experience, especially when disagreements between stakeholders escalate. It’s like going through a divorce but for a business. If your business is dissolving and disputes are escalating, an experienced business divorce lawyer can provide legal guidance and help you resolve disagreements.

Business litigation attorney Mark K. Thompson, founded MKT Law, in Minneapolis to provide litigation support to businesses in the greater Twin Cities metro area. He has been practicing law for over 25 years. With his guidance, you can resolve the complexities of business dissolution litigation effectively.

When Does The Dissolution Of A Business Require Litigation?

Some business partners are able to effectively dissolve a business effectively without conflict. However, sometimes, the dissolution of a business can lead to litigation. There are several reasons litigation might become necessary in the dissolution of a corporate entity, including:

  • Deadlock between partners or shareholders: When decision-makers cannot agree on critical business operations, litigation may be necessary to resolve the impasse.
  • Breach of fiduciary duty: If partners or shareholders fail to act in the best interest of the business, legal action might be required.
  • Fraudulent activities or mismanagement: Allegations of fraud or mismanagement can prompt litigation to protect the business’s assets and stakeholders’ interests.
  • Oppression of minority shareholders: When minority shareholders are treated unfairly or excluded from key decisions, they may seek legal recourse.
  • Violation of operating agreements or bylaws: Disregarding agreed-upon rules can lead to disputes that necessitate court intervention.
  • Disagreements over the value of a business: When stakeholders cannot agree on the business’s value, litigation might help determine a fair assessment.

For over 20 years, Mark K. Thompson has been assisting executives, partners and business shareholders resolve partnership disputes and shareholder disagreements. If you have questions about your shareholder rights, a shareholder deadlock, winding up operations in dissolution procedures or corporate restructuring, he can provide legal guidance and advice.

What Are The Alternatives For Resolving Disputes During The Dissolution Of A Business?

While litigation is sometimes necessary, there are  dispute resolution alternatives that can help resolve disputes more amicably:

  • Mediation: A neutral third party can facilitate discussions between stakeholders to reach a mutually acceptable agreement.
  • Arbitration: An arbitrator can provide a binding decision on disputed matters, often quicker and less costly than court litigation.
  • Negotiation: Direct discussions between parties can sometimes resolve issues without formal legal proceedings, preserving relationships and reducing costs.

If your Minnesota business is going through a divorce, an experienced business litigator can help you negotiate the details and resolve disputes.

Consult A Minneapolis Business Divorce Attorney

If you need a lawyer to help you dissolve a business and resolve the conflicts that can arise during dissolution procedures, contact MKT Law. To schedule an appointment, call 612-217-2913 or send a message through the firm’s online form to ask questions or inquire about availability.