Northern VA MandA Attorney Describes The Top Risks Of Joint Ventures
Reston, Virginia (postafreepressrelease) August 10, 2019 - A Northern VA M&A attorney at OFP Law recently released a blog listing the top risks associated with joint ventures and how to best avoid them. If necessary, a mergers & acquisitions attorney can help you and your business partners resolve any major concerns before they become even bigger problems that pose a risk to your business.
Business partners can encounter several common problems when creating a joint venture. Responsibilities that have not been clearly laid out can cause tension when a partner does not seem to be meeting the vague standards set. Conflicting management styles may also cause tension if one partner feels that another is not handling situations correctly. Because the size of one's investment often dictates their level of influence, uneven investments pose a risk when the reality of these differences sets in. Without clearly outlined conflict resolution processes, these problems can grow and cause more damage than necessary.
In most of these cases, taking the time to write down responsibilities, conflict resolution processes, and other important information can be helpful. In others, however, the assistance of a mergers & acquisitions attorney may be necessary. An attorney can help revise contracts and other official documents, mediate disputes, and advise on the best ways to structure your business and operate as a team to help minimize the possibility of future issues. Whether you are in the early stages of organizing your business or have already been in operation for years, a mergers & acquisitions attorney can provide legal expertise and support that can strengthen your team and improve its operations.
Contact the mergers & acquisitions attorneys at OFP Law for more information about joint ventures and how you can set your team up for success. The firm's attorneys are highly knowledgeable in business matters, including asset and stock acquisitions, recapitalizations and restructuring, mergers & acquisitions, joint ventures, and divestitures, among other areas. They have represented buyers, sellers, and partners in a variety of industries and work to understand the intricacies of each to provide the best service. OFP Law can be contacted online at https://www.ofplaw.com/ or by phone at 703-215-2913. Its offices are located at 1775 Wiehle Avenue, Suite 400, Reston, VA 20190.
by: Dexter Odin