Ayala Law Takes Action in Dispute Over Business Owner’s Alleged Ownership of Real Estate Ventures

Ayala Law recently filed a lawsuit on behalf of our client alleging that based on allegations that their business partner accepted a substantial financial contribution toward a jointly owned real estate venture and later attempted to deny his ownership interest in the company and the property.

As set forth in the lawsuit, the parties formed a Florida limited liability company to acquire and hold a specific real estate asset. The company’s governing documents allegedly established shared management rights and equal voting authority. The lawsuit further alleges that our client contributed tens of thousands of dollars toward the property based on the agreement that parties would equally split financial interest in the property’s value, profits, gains, and other benefits.

After making that contribution, however, the other party refused to recognize his ownership rights, excluded him from participation in the business, and withheld information and financial benefits to which he was entitled.

As set forth in the lawsuit, our client brings several claims including

• Breach of Contract, based on the duties established within the express agreements of the parties
• Unjust Enrichment, asserting that it would be inequitable for the defendants to retain the benefits of our client’s contribution while denying them the ownership interest for which that contribution was made.
• Breach of Fiduciary Duty, based upon the parter’s improper actions against the interests of another member and the company itself.

Business disputes involving closely held companies are rarely just about money. They can involve control, ownership, access to information, management rights, and valuable business assets. When one owner attempts to freeze another out of a business or deny an agreed ownership interest, swift legal action may be necessary to protect both the investment and the business itself. Real Estate Real Estate Real Estate Real Estate Real Estate Real Estate Real Estate Real Estate

At Ayala Law, we represent business owners, investors, members, and shareholders in high-stakes partnership and ownership disputes. When a business relationship breaks down and significant assets are at stake, we take decisive action to protect our clients’ investments, enforce their rights, and pursue meaningful results.

If you need legal help, please don’t hesitate to contact one of our experienced attorneys at 305-570-2208.

You can also contact our team directly at: arianna@ayalalawpa.com         

Schedule a case evaluation online here.

The allegations described above are contained in a pending lawsuit and have not yet been proven in court.

[The opinions in this blog are not intended to be legal advice. You should consult with an attorney about the particulars of your case].