Legal Question in Business Law in Texas
selling shares
I'm in a LLC with one other person. We both own 50% each. It's not working out. We can't come to terms on anything. I want to buy her out. She won't sell. She made an offer. I then offered to buy her out for the same amount she offered me. She said no. We Do Not have a Operating Agreement. QUESTIONS.. Can I sell my 50% to anyone w/out her consent ? How do I determine the vaule ? She will not let me view the books.
Asked on 3/26/06, 8:33 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: selling shares
Since there's no Operating Agreement you can sell your shares to whomever you want. You may need to hire a lawyer to get access to the books in order to value the business.
Answered on 3/27/06, 11:19 am
Related Questions & Answers
-
Abandoning a d/b/a My partner has filed for an abandonment of our d/b/a without my... Asked 3/25/06, 2:54 pm in United States Texas Business Law
-
Lack of control there are two front doors(10 ft.apart). hydraulic was broken on one... Asked 3/24/06, 11:48 pm in United States Texas Business Law
-
Selling To Illegal Immigrants Is it legal for a dealership to knowingly sell a... Asked 3/23/06, 7:15 pm in United States Texas Business Law
-
Waiver from liability I recently retired and am at the beginning stages of my... Asked 3/22/06, 6:43 pm in United States Texas Business Law
-
Past business being threatened to be sued Our previous business which was a... Asked 3/17/06, 4:11 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.
