Legal Question in Business Law in Michigan

In a 50/50 partnership and one partner assumes 100 when he wants out, can I fight for my 50 percent?


Asked on 3/07/11, 9:24 am

2 Answers from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I can say a lot more detail is necessary. What do you mean by "one partner assumes 100?" Is there a partnership agreement? What does it provide in terms of buy out of partnership interests? You really need to 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

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Answered on 3/07/11, 12:25 pm
Timothy Klisz Klisz Law Office, PLLC

Its hard to say without looking at the agreements in place. You need a corporate lawyer to look at this to advise you properly. Tim Klisz

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Answered on 3/07/11, 7:14 pm


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