Legal Question in Business Law in Texas
Options For LLC Buyout
I am in an LLC company, my partner owns 51% and I own 49%. We have been approached by another comapny about the opportunity to sell our company. I am not ready to sell, my partner is. What are my options here? Can he sell our company without my consent? There are no operating agreements in writing. There is also not a buy/sell agreement in writing. What are my options here?
Thanks so much for your help with this pressing issue!
1 Answer from Attorneys
Re: Options For LLC Buyout
Without more specific information, it is difficult to determine exactly what your rights might be in this situation. As you know, generally your agreements would cover an issue like this. Let us know if you would like our assistance in determining your rights under your present situation.
Related Questions & Answers
-
LLC Buyout I am in an LLC company, my partner owns 51% and I own 49%. We have been... Asked 1/27/09, 8:33 pm in United States Texas Business Law
-
Partnership A friend and I are starting a website together, that will likely become... Asked 1/26/09, 9:44 pm in United States Texas Business Law
-
Logo Usage Can a seller of the business charge a monthly fee on the use of a logo... Asked 1/19/09, 9:34 pm in United States Texas Business Law
-
I have been threaten by the company I worked for I worked for this company for about... Asked 1/17/09, 12:54 am in United States Texas Business Law
-
Where is my answer? I submitted a question earlier this week. Asked 1/16/09, 5:21 pm in United States Texas Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
