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INSIGHTS / TOPIC
Business Partner & LLC Disputes
Disputes between business owners are among the most difficult a company can face. They often involve money, control, and personal relationships at the same time.
Whether the issue is a partner locked out of the books, a minority owner’s rights, unauthorized spending, or a buyout after someone leaves, the answer usually starts with the operating agreement or bylaws and Illinois default rules. These articles explain owners’ rights, fiduciary duties, and the remedies available when things break down.
IN THIS TOPIC
Articles
Business Disputes
When the Majority Owner Controls the Money: Minority Owner Rights in Illinois
Owning 51% doesn’t make every decision lawful, and owning 49% doesn’t forfeit the right to see the books. How Illinois law protects minority owners when the majority controls the money.
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Contracts & Advisory
Limited Liability and Its Limits: When an Illinois LLC Owner Is Personally Liable
An LLC generally shields its owners from business debts, but the shield has gaps. Personal guarantees, transfers to avoid creditors, the owner’s own wrongful conduct, and specific Illinois statutes on unpaid taxes and wages can all reach an owner personally.
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Business Disputes
Your Medical Group Changed the Formula. Your Pay Dropped $150,000.
A physician’s compensation falls after a practice changes overhead allocations or productivity credits. The governing formula, when pay was earned, employee or owner status, and accounting evidence can determine the available claim.
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Business Disputes
You Own Half the Business, but You Can’t Access Its Accounts
A partner removes an Illinois LLC owner from systems, banking access, or management. Governing documents, information rights, threatened financial harm, and ownership of potential claims shape the immediate response and possible separation.
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Business Disputes
Your Co-Owner Has Been Spending the Company’s Money. What Can You Recover?
A co-owner signs a contract without the required approval and pays fees the agreements don’t allow. How Illinois LLC duties, information rights, apparent authority, and limitation periods shape what the other owner can recover.
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Contracts & Advisory
When Business Partners Part Ways
A partner's departure can raise difficult questions about ownership, valuation, management rights, and the future of the business.
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FACING A SIMILAR ISSUE?
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These articles explain general principles, not advice for your situation. A short consultation can help you understand your options and next steps.
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ALLISONCHOLAW / BUSINESS LITIGATION & COUNSEL