Legal Question in Business Law in Arizona

I have a service company of 10 years with an equal partner (50/50). My partner says if I don't sell my half of company to him he will desolve the company and start a new one with the support of our biggest client. Can he do that?


Asked on 8/10/14, 3:07 pm

2 Answers from Attorneys
Donald Scher Donald T. Scher & Associates, P.C.

In general, the answer is no. You have not stated whether you have a partnership, LLC, corporation or proprietorship, or whether you have a written agreement. An owner can withdraw from the relationship, however that is different than dissolving the company.

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Answered on 8/10/14, 4:27 pm
John Burton The Law Office of John Burton, PLLC

Call me for a complimentary consultation. I can help you.

The Law Office of John Burton, PLLC

602/617/8516

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Answered on 8/11/14, 12:10 am


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