Legal Question in Business Law in Georgia
Can I seller my business without my business partner's signature?
4 Answers from Attorneys
If you actually have a partnership, no, unless your written partnership agreement says you can. You should not be in business without having a CPA and a lawyer, so you should be asking this to your business lawyer.
How do you expect a legitimate response when no one here know anything about the contracts, documents or other agreements between you and your partner? You'll get a more helpful response by asking your partner.
If it really is a partnership (and not an LLC, LLP or corporation), no, unless there is a partnership agreement that allows you to do so.
As a Franchise Attorney I agree with the other attorney answers. Normally selling a partnership requires the consent and authorization of all partners. But this "normal rule" can be modified by the terms of your partnership agreement. This needs to be examined. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
Related Questions & Answers
-
Can I advertise about a diet plan on a sign on my vehicle Asked 6/27/11, 2:25 pm in United States Georgia Business Law
-
I have been consigning with an online auction site for about a year. they have a... Asked 6/21/11, 12:30 pm in United States Georgia Business Law
-
I'm a student and have a question about business law. The case is about a large... Asked 6/14/11, 7:13 pm in United States Georgia Business Law
-
When you are in a partnership in a business that is incorporated can one of the... Asked 6/12/11, 6:05 am in United States Georgia Business Law