Cordes & Company

Business partners split, so does masonry company

Aurora-based Kingdom Masonry does commercial masonry construction, block, brick and concrete work. It was owned and operated by two equal shareholders, who had no formal operating agreement. Relations between the parties became strained, with disagreements over compensation, fringe benefits, shareholder loans, and the appropriateness of certain expenses. The partners decided to split, but could not agree on how the assets should be valued. The Weld County District Court appointed Cordes & Company as receiver, to protect and preserve the assets and wind up the company’s affairs. Based on Cordes’ expansive report of findings, the parties successfully reached a settlement agreement.

California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
Colorado
5299 DTC Boulevard
Suite 815
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
220 South 6th Street
Suite 2125
Minneapolis, MN 55402
Telephone: 612.455.6027
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