Legal Question in Business Law in California

sale of business

I need to know how to petition the

courts to force small % owners into

selling our property or buy it from me


Asked on 12/08/08, 9:50 pm

2 Answers from Attorneys
Terry A. Nelson Nelson & Lawless

Re: sale of business

By filing and serving a lawsuit seeking appraisal and sale, partition or alternative remedies.

Your business formation documents should specify the process necessary, lawsuits are last resort measures. Unless you know how to effectively practice law in the courts, you're going to need to hire an attorney to do so. If the property is in SoCAL, and you get serious about doing so, feel free to contact me. It may be possible for your attorney to negotiate a settlement where you couldn't accomplish that without his leverage and threat of suit.

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Answered on 12/09/08, 5:42 pm
Donald W. Hudspeth The Law Offices of Donald W. Hudspeth, P.C.

Re: sale of business

I will need more detail in order to determine what you mean. Are the owners shareholders in an entity such as a corporation or LLC? What is the market value of their ownership interest? Why is their ownership a problem?

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Answered on 12/08/08, 10:03 pm


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