Business Partner fired me while I was out of town. He doesn't believe he has to buy me out.
James's answer
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Answered on May 10, 2016
As a 50% owner of the LLC you cannot be "fired" or removed unless the operating or LLC agreement gives him that power. If you have an agreement,...
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Looking for information on how to structure a partnership with a 1 year trial term, which then goes permanent if all is well?
James's answer
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Answered on May 10, 2016
It sounds like you are proposing a joint venture between your companies, which is in essence a general partnership. The terms would be set forth in...
How do I end a partnership that never had a partnership agreement?
James's answer
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Answered on May 10, 2016
Although you refer to a partnership, it appears you actually have an LLC that is owned by the 3 of you. If you have filed any tax returns, that...
