ForumsLegal and Insurance

Since you said that you're a partner, I assume that this is a partnership structure -- in which case your options will be spelled out in the Partnership Agreement that was signed and filed when the business was formed. In a typical agreement, you'd be required to offer your partner (in writing) a chance to buy out your half of the business (or sell you his half) for an appraised value. If he refused the offer or did not respond within a stated timeframe (say, 20 days), then you could offer your half to other potential buyers for the same or a higher price. Hope that helps. Good luck.