2006-07-13 09:33:17 · 3 answers · asked by BJ 1 in Business & Finance ➔ Other - Business & Finance
Yes and NO, the usual means for a change is that the other two partners offer a buy out. The other way is for the partnership to be abolished and then the 2 partners that agree reform a partnership between the 2 of them under a new name.
2006-07-13 09:41:23 · answer #1 · answered by grimjack1973 2 · 0⤊ 0⤋
Wow...you don't leave much room for remediation, do you?
This all depends on the way the three agreed on their business plan.
Assuming all three have equal 1/3 interest in the company, and assuming an attorney built in certain stipulations into the contract of this business, then probably yes...but not without bringing in the lawyers.
Be prepared to spend more $$$ in a few hours for legal fees than you bring in for the entire year from your business.
2006-07-13 16:38:31 · answer #2 · answered by docscholl 6 · 0⤊ 0⤋
It depends on the type of partnership and the agreement that is in force. You should really speak to an attorney first.
2006-07-13 16:38:02 · answer #3 · answered by Kim C 3 · 0⤊ 0⤋