Legal Question in Business Law in Connecticut

Re: Selling a business I own to a ''partner''

Your inquiry raises a number of questions. First what kind of legal entty are you? You mention a partner but then you say you are the President. The two are inconsistent as partnerships do not have presidents although under CT Law LLCs can have officers. You really need to see an attorney who can obtain the whole fact scenario from you and advise you properly.

Re: Selling a business I own to a ''partner''

You would need to provide more information in order for me to give an answer. For example, the answer may depend on what the type of business is (ie. LLC, Corporation etc.). In any event, you are most likely entitled to compensation.

If you need help, you can email me at [email protected].

Re: Selling a business I own to a ''partner''

It sounds like you are owed money for the business, in part, at least. Also, it does not appear that you have been "forced out" at all. Partnerships can be negotiated as they evolve. It seems to me that you need to clarify what your objectives are first, and then determine your legal course of action. give me a call if you want to discuss further. 860.786.8763

Re: Selling a business I own to a ''partner''

The situation that you describe gives rise to numerous issues that affect your rights to recover and I do not believe that can be answered in a couple of sentences. I will be glad to discuss this specifically upon request.