How do you remove a business partner?

2 ⤊

How do you remove a business partner?

2007-04-24 09:31:30 · 3 answers · asked by Topflight 1 in Business & Finance ➔ Corporations

3 answers

If you have a partnership agreement (or similar agreement), then refer to the terms of the agreement with respect to removal of a partner, buy-out of a partner, or dissolution of the entire business. Regardless of any written agreement, offering to buy them out, is probably the easiest way to remove them.

2007-04-24 09:55:11 · answer #1 · answered by Paul C 2 · 2⤊ 0⤋

It's very difficult. This is why I insist on never forming partnerships. LLC's and S-corporations are much better.

2007-04-24 18:22:36 · answer #2 · answered by jdkilp 7 · 0⤊ 0⤋

Offer to buy them out?

2007-04-24 09:46:02 · answer #3 · answered by Dusie 6 · 0⤊ 0⤋