I am 50% part owner of a small corporation and we're in sort of a tricky situation right now
Business has gone down recently and our facility that we've been renting for years has been sold to a land developer that doesn't want to renew our lease
my business partner has pretty much given up and suggested that we should sell our assets and terminate the company
I a trying to find a way to possibly buy hi out and keep running the company at a different facility
Does anyone have any ideas about ways to go?
From my understanding it takes all owners agreement to terminate the company right?
Can my business partner terminate his stocks in the company without it affecting my part?
All ideas and inputs will be helpful!
Perhaps now is the time to get some legal advice. An attorney should be able to give you some good advice about legally ending this partnership.
Please let us know how things are going for you and your business when you get past this bump in your business' road.
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