Legal Question in Business Law in Florida

I cannot give you any guidance without a lot more info. Your share may be worth nothing. The biz may be in bankruptcy. Partners only exist in partnerships, but if you have an LLC or corp. different rules apply. You may very well be liable for 50% of the biz debt even if you pull out now. Not an encouranging prospect, I know, but you have to face reality.

Your business entity corporate records will be key to answer your question. Improper withdrawal from the entity could expose you to personal liability to your business partner or the business itself under any agreement you signed to receive your equity. The same agreement could guide you to get out of the arrangement. What kind of entity is your business? Is there a shareholder agreement, LLC operation agreement, or partnership agreement in place?

The answer above raises great points if the business is in a poor finance condition.

You need to look at the bylaws or business organization records.

What does your operating agreement or corporate bylaws state? Check with that and if you are still unsure, consult with an attorney for further assistance.