Corporate relations based on mutual trust, honesty, and loyalty are the most important conditions for joint business. However, these alone are not sufficient to establish a joint venture. Over time, changes in the participants‘ views, external influences, and unforeseen risks common in entrepreneurial activity may lead to the termination of the joint business. In such cases, the participants of the company are often tasked with preventing conflicts as much as possible, resolving them peacefully, and minimizing losses. The constituent documents of the company, which outline the rights of the participants, the conditions and methods of their implementation, and their protection, typically serve as a guarantee of relations between the participants. Additionally, the legal framework regulating corporate relations in the place of the company‘s establishment contributes to the effective and stable development of corporate relations. This article examines in detail the issues of preventing and resolving disputes between shareholders of a limited liability company. A comparative analysis of foreign legislation and national legislative acts is conducted, with attention given to certain problematic situations related to regulating corporate relations. The author‘s personal position is expressed regarding methods for resolving disputes between participants, as well as opinions on addressing existing gaps in legislation.