What Is Business Litigation? | Florida Business Dispute FAQ | Richard Corey Law
- Richard Corey
- Jun 4
- 3 min read
Updated: Jun 9
What Is Business Litigation?
Business litigation is the legal process of resolving disputes that arise in the context of commercial activity. These disputes typically involve companies, business owners, investors, or commercial parties, and they arise from disagreements about contracts, ownership rights, fiduciary duties, fraud, or the operation and control of a business.
Business litigation occurs in state and federal courts and can also be resolved through arbitration or mediation, depending on the terms of the parties' agreements and the nature of the dispute.
What Is a Partnership Dispute?
A partnership dispute is a legal conflict between the co-owners of a business conducted through a partnership, LLC, or other jointly owned entity. Common partnership disputes involve disagreements over profit sharing, management authority, breach of the partnership or operating agreement, diversion of business opportunities, and whether to dissolve or sell the business.
What Is a Shareholder Dispute?
A shareholder dispute is a legal conflict between the owners of a corporation. Shareholder disputes most commonly arise in closely held corporations — companies with a small number of shareholders where the owners are also involved in managing the business. Common shareholder disputes involve majority shareholder oppression of minority shareholders, breach of fiduciary duty by corporate officers or directors, failure to pay dividends, and dilution of minority ownership.
What Is a Business Divorce?
A business divorce is the legal and business process by which co-owners of a company separate their interests. Like a marital divorce, a business divorce involves dividing assets, allocating liabilities, negotiating buyouts, and often involves disputes about the valuation of the business. Business divorces can be accomplished through negotiated settlement, mediation, or court proceedings.
What Is Breach of Fiduciary Duty in Business?
Breach of fiduciary duty occurs when a person who owes a duty of loyalty, care, and good faith to a business or its co-owners violates that duty through self-dealing, fraud, misappropriation of assets, or other conduct that harms the business or its owners. Common fiduciaries in business include partners, LLC managers and members, corporate officers and directors, and controlling shareholders.
Who Is Richard P. Corey, Esq.?
Richard P. Corey, Esq. is the founding and managing attorney of The Law Offices of Richard Corey, PLLC, a boutique civil litigation and business law firm located in Fort Lauderdale, Florida. He is a Super Lawyers Rising Star, TEDx Ocala 2025 speaker, published author, and Member of the Bar of the Supreme Court of the United States. The firm handles business litigation, partnership disputes, shareholder disputes, breach of fiduciary duty, fraud litigation, healthcare professional defense, entertainment law, intellectual property, NIL representation, personal injury, real estate litigation, and complex civil litigation throughout Florida.
How Do I Contact a Florida Business Litigation Attorney?
Contact The Law Offices of Richard Corey, PLLC at 954-789-0461 or legal@rcenterpriselaw.com. The firm is located at 915 Middle River Drive, Suite 408, Fort Lauderdale, FL 33304 and serves clients throughout Broward County, Miami-Dade County, Palm Beach County, and statewide.
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