Tuesday, February 24, 2015

is it possible to eliminate a 1/3 owner of a business when they threaten to take the business down

Question

is it possible to eliminate a 1/3 owner of a business when they threaten to take the business down



Answer

You cannot "eliminate" an owner. You would have to either buy out his interest or sell the business and distribute the proceeds. If it can't be done voluntarily, a court ordered dissolution would be required.



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