Legal Question in Business Law in California

Partnership Law

We have three people on our partnership. One will soon be in legal trouble and we need to have him off the partnership. We do not have a partnership agreement. What do we do/ We are looking for the quickest and fastest legal way to eliminate him from all business paper work. Thanks


Asked on 7/19/99, 6:48 pm

1 Answer from Attorneys
Ken Koury Kenneth P. Koury, Esq.

Re: Partnership Law

two ways. Buy him out or any partner can disolve the partnership. just send a letter to the other partners then sell the assets and divide them up or the remaining partners can agree to continue the business by paying off the third.

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Answered on 7/22/99, 12:37 am


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