Business Dissolution Attorneys
- Award-Winning Law Firm
- State & Federal Court Experience
- Experienced MN Litigators
- Serving Minnesota Since 2003
Minnesota Business Dissolution Attorneys
Ending a business can be just as complex as starting one. Whether the owners have mutually decided to wind down operations or disagreements have made continuing the business impossible, dissolution often raises significant legal and financial questions. Burns & Hansen helps business owners address their interests, resolve disputes, and navigate the dissolution process as efficiently as possible.
Why Choose Burns & Hansen for Business Dissolution
When you work with Burns & Hansen, you benefit from:
- Attorneys who understand both the legal and business issues involved in winding down a company.
- Experience helping owners navigate negotiations involving assets, liabilities, ownership interests, and ongoing obligations.
- Business-minded guidance focused on addressing disputes efficiently while accounting for your financial and legal interests.
- Trial-ready attorneys prepared to litigate ownership and dissolution disputes when an agreement cannot be reached.
- Guidance when business dissolution overlaps with contracts, commercial real estate, employment matters, litigation, or future business ventures.
- Appellate capabilities when a contested dissolution results in a significant decision warranting further review.
- Direct access to experienced business attorneys throughout the process.
Common Situations We Can Help With
You may benefit from business dissolution counsel if you're trying to:
- Dissolve an LLC, corporation, partnership, or other business entity.
- Negotiate the departure of an owner or partner.
- Divide business assets, liabilities, or ownership interests.
- Resolve disputes over the value of the business.
- Address customer relationships, intellectual property, or ongoing operations after dissolution.
- Preserve your financial investment during the dissolution process.
- Resolve disagreements through negotiation or litigation when necessary.
- Address another business dissolution or wind-down issue, or aren't sure whether your situation fits one of these categories. Contact Burns & Hansen to discuss your situation with an attorney.
Frequently Asked Questions
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What is business dissolution?
Business dissolution is the process of formally ending a business entity and addressing its remaining assets, liabilities, contracts, creditors, tax obligations, and other outstanding affairs.
When should a business be formally dissolved?
A business should generally be formally dissolved when the owners decide to end operations or when circumstances no longer support continuing the company. Proper dissolution helps address legal obligations, creditors, taxes, and future liability.
What happens to business assets during a dissolution?
Business assets are typically identified, valued, and distributed according to the governing agreements, applicable law, and the rights of the owners. The process varies depending on the type of business and the circumstances surrounding the dissolution.
What if the owners disagree about dissolving the business?
Owner disputes are common. Burns & Hansen represents clients in negotiations and, when an agreement cannot be reached, in litigation involving ownership and dissolution issues.
Can one owner continue the business after dissolution?
Sometimes. Depending on the ownership agreements and the circumstances, one or more owners may purchase another owner's interest or continue operating under a new structure.
Does Burns & Hansen work with accountants and valuation professionals?
Yes. Business dissolutions often require financial analysis and business valuations. We work alongside accountants, valuation professionals, and other advisors when their analysis is important to the matter.
Can Burns & Hansen handle related business disputes?
Yes. Our attorneys represent clients in ownership disputes, business litigation, contract disputes, and other legal matters that often arise during or after a business dissolution.
Can a contested business dissolution be appealed?
Potentially. When dissolution litigation results in an appealable court decision, Burns & Hansen can evaluate potential appellate issues and provide representation on appeal. Appellate counsel can also become involved during significant litigation when preservation of issues may affect later review.
Speak With a Minnesota Business Dissolution Attorney
Business dissolutions can affect ownership rights, tax consequences, customer relationships, and future liability. Contact Burns & Hansen to discuss the circumstances surrounding the business and the legal issues involved in winding it down or resolving an ownership impasse.
