business disputes

When your business partner doesn’t talk to you, you know you have a problem and a genuine business dispute.  Like any relationship, small businesses are prone to ups and downs and in particular business disputes.

Predominately business disputes are often over simple things. From experience mainly, they related to matters about money and effort.

In a business dispute, one party may have the upper hand. The business relationship may have been something that has been simmering in sourness for a while or something you, as a business partner, have just discovered that you don’t disagree with.

Not all Disputes are ugly!

Some are about different ideologies!

A dispute may not be a dispute at all but just one partner wanting to do their own thing and exit the business. People grow apart, circumstances change and some partners want to do other things

Geoff Gartly is a Chartered Accountant with many years of experience. He has seen it all when it comes to business disputes and understanding what traits arise in a business disagreement or the need for one partner to exit. He understands the need to get to the bottom of why a dispute has arisen and what action needs to be taken to preserve assets and profits.

When things get ugly, here are some reasons why sometimes partners are on different journeys:

  • One partner is not as involved as much as the other in the business
  • You are not as financially savvy as the other, and the accountant shows attention to the partner who understands what he is saying. A hidden bias by the Accountant toward one partner starts to form.
  • Your business partner gives you the brush-off
  • Your business partner takes money from the bank without your permission or knowledge
  • Your business partner is absent from the business
  • Your business partner has a gambling problem or a marriage matter impacting financial performance.
  • Your partner is committing business fraud

Business Disputes arise for different reasons. Our aim is to be your partner in dispute resolution.

Typically, when a dispute arises the business’s accountant is caught up with the emotion of the occasion. Therefore, you may not always get the answers or advice you need. We often find the accountant may unintentionally take sides. This can lead to you not getting the right advice.

Geoff is here to help. The strategy of how to exit the business, recover monies lost and understand the financial puzzle presented to you is what we are here to help. Time can be of the essence; sometimes, a strategic plan is needed for a quick result.

We specialize in helping clients obtain a resolution for:

  • Business partnership exits and disputes.
  • SMSF management and control
  • Estates and one party exerting influence over assets that may not be in the spirit of the will.

Resolve disputes and plan successful exits for your business.

Don’t let internal disagreements or unexpected events disrupt your business. Our expert strategies will help you navigate disputes and plan for a successful exit, ensuring long-term success.

Get help today – make a confidential appointment with Geoff today:

 

 

 

 

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Please feel free to contact us. We will get back to you with 1-2 business days. Or just call us now

Is Self Managed Super Right for you UPDATED MARCH 2022 +61 03 9597 9966
Info@gartlyadvisory.com.au

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Geoff can be contacted on 9597 9966 or email at https://www.gartlyadvisory.com.au/contact-us/

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