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The Law Office of Stephen Nault

Practice Area

Operating Agreements and Owner Disputes

I advise on operating agreements, governance clean-up, manager authority, buyout pressure, deadlock, fiduciary allegations, and the closely held business disputes where holding leverage matters.

By the time an owner conflict reaches me, it is rarely just a legal problem. It is a control problem, an information problem, and a question of whether the business survives the fight.

Who this is for

  • LLC members and managers dealing with authority questions, accounting tension, or strategic deadlock.
  • Businesses that need cleaner operating documents before growth, financing, or ownership changes.
  • Owners trying to contain a dispute before it harms leases, vendors, employees, lenders, or customers.

Common problems

  • Operating agreements that do not match the way the company actually operates.
  • Disputes over member rights, distributions, access to records, or who can bind the company.
  • Deadlock around capital calls, sale decisions, or the future of the business relationship.
  • Personal relationship breakdowns spilling into governance and asset-control disputes.
  • Real estate holding entities where owner conflict threatens the property itself.

How I approach it

I start with the governing documents, the ownership economics, and the actual operating reality. The goal is to find the pressure points fast, separate emotion from business risk, and decide whether the matter calls for negotiated restructuring, a buyout strategy, or formal action.

Common mistakes

  • Using online forms that do not fit the capital structure or operational reality of the company.
  • Waiting until access to books, accounts, or assets is already compromised.
  • Escalating the conflict personally before clarifying authority and documentary support.
  • Ignoring how the dispute affects real estate entities, leases, guaranties, or third-party contracts.

If this describes your situation

The intake form takes about three minutes. You'll hear back within one business day if the matter is a fit.

Common questions

Do you handle both preventative operating agreement work and active disputes?

Yes. Many disputes are made worse by thin or outdated agreements, so the practice includes both front-end governance work and conflict-driven problem solving.

Can you help if the business owns investment property?

Yes. Owner disputes around real estate holding companies often need both governance analysis and a practical understanding of the underlying property operations.

Is litigation always the next step?

No. Some matters are best handled through structured negotiation or targeted written demands. Others need faster formal action because business control or assets are at risk.

If any of this sounds like your situation

The intake is structured and short — name, contact, opposing party, brief description. You'll hear back within one business day.