Running a proprietorship company may be beneficial for people accustomed to all the shots. However, most companies tend to take on partners and have a number of share holders on board for tackling the challenges that come with expansion. It is natural for the stake holders to fall out with one another in course of the business. Simply parting ways and dissolving the existing company is not the right solution though. Taking the legal recourse might be an excellent way of getting one’s dues especially when the other partners are refusing to do so. Unfortunately, it might be a long drawn process and extremely expensive for the wronged partner. The best solution in such circumstances would be to consider business mediation in San Francisco and Fresno CA.
A disinterested neutral party needs to be appointed as the arbitrator who would be capable listening to both sides of the story and make a decision based on facts. While the outcome happens to be an advice without being legally binding, it has been found that most parties willingly resolve their issues ones they understand the facts put forward by the mediator.
Reasons to Appoint a Business Mediator
· Professional- The mediator usually happens to be a professional with years of experiences in settling disputes. The process is known to the arbitrator who is skilled enough to make all the parties sit at a table and make their views known. The professional would act without any prejudice with the concerned parties being compelled to look at the bigger picture and arrive at a feasible solution.
· Expense- A business mediation does not cost too much as even hiring the best mediator in the city is likely to cost much less than filing a legal case. There are no additional expenses to take care of either with all the concerned parties being free to share the costs. An additional advantage of having the issue mediated is the less amount of time consumed that translates directly into reduced number of billing hours thereby making it financially beneficial.
· Amicable- There is usually less of rancour and strong worded arguments in the presence of a mediator. The entire conversation and discussion takes place in a civilized manner with the parties engaged in the dispute trying to understand the other side as well. This is sure to go a long way in keeping the relationship between all the concerned parties friendly and mutually beneficial.
· Confidentiality- The mediator vows secretly and will not divulge the matter to interested parties whether happen to be curious competitors or existing employees of the company. This is contrary to litigation wherein the general public along with the media would be privy to the information. It definitely makes sense to opt for mediation when one has one’s business reputation to consider. The company can begin functioning straight away after the mediation takes place with no appreciable loss of revenue.
