Breach of Fiduciary Duty Claims Between Business Partners
When two or more people form a business partnership, they rely on trust. The law in Wisconsin reinforces this trust through legally binding obligations known as fiduciary duties. If a partner violates these duties by stealing from the company, hiding transactions, or engaging in secret competition, the consequences can be devastating financially. Understanding how these… Read more
Can a Business Recover After Bankruptcy?
Financial difficulties can affect any business, regardless of its size or industry. A bankruptcy filing doesn’t have to be the end, however. With the right legal strategy, many businesses can emerge from bankruptcy stronger and better positioned for long-term success. Understanding the process and what happens next is the first step towards genuine recovery. What… Read more
What to Do When You’re Threatened with a Lawsuit
Receiving a legal threat, whether it is in a letter, email or face-to-face, can be overwhelming. You may feel the urge to panic, ignore the threat or react emotionally, but none of these reactions will help you in the long run. A calm, structured response based on a sound legal strategy is what can help. … Read more
What Happens to Business Owners Personally in Bankruptcy?
Filing for bankruptcy can seem like a financial lifeline – but for business owners, the consequences don’t always stop at the front door of the company. Whether you run a sole proprietorship, partnership, or corporation, bankruptcy laws can extend into your personal finances in unexpected ways, even for experienced entrepreneurs. Understanding how personal liability interacts… Read more
How to Avoid Bankruptcy: Practical Steps for Troubled Businesses
Business bankruptcy filings are trending upward. U.S. Bankruptcy Court statistics show a 5.6 percent increase year-over-year, driven by higher interest rates, inflation, and debt taken on during the pandemic. Financial struggles can distract from day-to-day operations and mean missed growth opportunities. An experienced business attorney can help develop a strategy to avoid bankruptcy, including by… Read more
What is Business Litigation and Why Might Your Milwaukee Company Need It?
Litigation is an increasingly common risk for businesses of every size in Milwaukee. Thousands of civil and small claims cases are filed in the state each year, many concerning contracts and other commercial issues. If your business doesn’t have a strategy for handling business litigation, you could be putting everything at risk. An attorney experienced… Read more
How to Protect Your Business When a Customer Files for Bankruptcy
Milwaukee area businesses need to know how to protect their revenue, cash flow, and legal rights when a customer files for bankruptcy. This action can be disruptive if the client involved is a longstanding partner upon whom your business relies. An experienced business attorney can help you understand your rights and proactive steps you may… Read more
Data Breach Lawsuits: Cybersecurity Liability for Businesses
The digital economy requires that businesses have an online presence, whether they are a small retailer or a professional service firm. But interacting as a business online means collecting, storing, and transmitting customer information, exposing the business to major risks from data breaches and lawsuits. Having a trusted IT professional build your business’s online system… Read more
Subchapter V Bankruptcy: A Faster Option for Small Businesses
Small business owners in financial trouble have more options than Chapter 11 bankruptcy, especially in Wisconsin. Subchapter V bankruptcy is a more affordable option that, like Chapter 11, offers reorganization and restructuring so the best parts of your company can continue to operate. Consulting an experienced business bankruptcy attorney about your options may preserve jobs… Read more