Navigating Family Business Ownership Disputes in Tennessee: A Comprehensive Guide Family businesses are the backbone of the Tennessee economy. They represent significant assets and legacies, but they can also be fertile ground for disputes, especially when family and business interests collide. As a family lawyer practicing in Tennessee, I often see disagreements regarding ownership, management, and succession that can tear families apart and threaten the very existence of the business. This article provides a detailed look at how to navigate these complex situations successfully. Understanding the Roots of Family Business Disputes Several factors commonly contribute to disputes within family businesses in Tennessee: 👨👩👧👦 Succession Planning Failures: Lack of a clear and agreed-upon succession plan is a primary driver. Without a defined process for transferring ownership and leadership, conflicts are almost inevitable. 💰 Valuation Disagreements: ...