Legal Question in Administrative Law in California

Purchasing of an e xiting partner shares

a partner in a corporation wishes to sell his shares, but he is alao asking for 40% of the start up cost on the books . Can he do this, how can he ask for something that the other partners have to carry on the books and be responsible for the liabilities, if he ask for 40% of the start up cost, should he not be responsible for 40% of the liabilites


Asked on 6/29/08, 11:49 am

1 Answer from Attorneys
Terry A. Nelson Nelson & Lawless

Re: Purchasing of an e xiting partner shares

He can ask for anything he likes, so can you. Negotiate a resolution or litigate it are your choices. Feel free to contact me if serious about getting legal help in properly handling it.

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Answered on 6/30/08, 1:02 pm


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