How To Effectively Close A Business

The state of the U.S. economy has caused many business owners to carefully consider either filing for bankruptcy or closing a business. Closing a business must be done effectively and efficiently in order to avoid significant liabilities. We at Seder & Chandler have experience handling legal matters involved in closing businesses in Massachusetts, in federal bankruptcy courts, as well as all other related business issues.

The attorneys at our firm are focused in specific areas of law, yet we often take a team-oriented approach to representing our business clients because of the broad range of advice they require. When a business is being closed, the owner must address many employment and financial issues. Given the facts of the situation, we will implement a legal strategy to resolve the issues you are facing.

The business owners we work with frequently have questions about the procedures of dissolving a business or corporation, and we make it a priority to explain what steps must be taken. The owner may be considering whether the best option is through a bankruptcy case or in a liquidation of business assets outside of bankruptcy. At Seder & Chandler, your best interests will be kept in the foreground at all times. Seeking prompt advice from one of our attorneys will likely increase the chance that you can avoid costly litigation and future disputes.

Dissolution Of Partnerships And Closely Held Corporations

Business partnership or closely held corporations often face challenges. It is not uncommon for a partnership or shareholder relationship to deteriorate over time. If this becomes a reality in your organization, turn to our firm to guide you through the process in the most efficient manner possible.

In Massachusetts, when you are facing a dissolution of partnership or disputes among shareholders in a closely held corporation, it is wise to contact the experienced business law firm of Seder & Chandler, LLP, for legal advice and representation. We understand that these matters must be handled with a certain degree of sensitivity and decorum. Our depth of knowledge in business law and our experience guiding clients through even the most complex matters help us to move toward a successful resolution through negotiation, litigation and methods of alternative dispute resolution.

In these situations, we are able to engage the parties in negotiation. Our attorneys are skilled at handling the complexities of dissolution and the sensitivity inherent in negotiations with close friends or family members. It is our goal to help all parties move past the dissolution and get on with their individual lives. We explore all options, including the formation of new business ventures, investigating all contingencies and handling the matter in the most professional, confidential manner possible.

Comprehensive Advice

We assist our clients with all related matters for closing a business, including:

  • Disclosing when the business will close
  • The process of notifying employees at your company
    • WARN Act
  • Minimizing liabilities
    • Commercial liabilities, discussing bankruptcy and more
  • Handling insurance issues
  • Providing advice about business agreements
    • Leases, employment agreements and more
  • Resolution of contract disputes

At Seder & Chandler, we have represented large businesses with a global presence. This level of experience gives us insight into successfully negotiating resolutions and allows us to anticipate challenges before they actually become significant. We put our clients' needs first and place emphasis on building strong relationships with our clients.

To schedule a consultation or to learn more about the legal services we provide, please contact a lawyer at our firm. We represent clients in central Massachusetts and throughout the MetroWest Boston area.