Legal Question in Business Law in Michigan
How do you legally transfer ownership of a family company from a father to a child? Also can you sell business on land contract?
Asked on 8/27/10, 7:39 am
1 Answer from Attorneys
Kevin B. Murphy
Franchise Foundations, APC
Any attorney will say more facts are needed to answer your question. Is the company a corporation, partnership or sole proprietorship? Transfer mechanisms are different, depending on the actual entity used. Consult with a good business attorney in your area for specific advice.
Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise
Franchise Attorney
Answered on 9/01/10, 9:01 am
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