Legal Question in Business Law in Utah
Can the adult children take a family business from under their parents who are elderly and not running the business very well?
Asked on 9/26/11, 7:03 pm
1 Answer from Attorneys
Randy Lish
Randy M. Lish, Attorney at Law
There are ots of "ifs" and Depends" involved. What kind of business is it, and how is it structured. How do the parents feel about transferring the business? Do they have a succession plan in place (I assume not or the question would not arise)? I would need a lot more information before I could answer the question. Call me if you can.
Answered on 9/27/11, 7:31 am
Related Questions & Answers
-
In an Alter Ego theory is the Plaintiff entitled to a trial by jury or is a bench... Asked 8/13/11, 6:01 pm in United States Utah Business Law
-
We are selling a truck to a private individual. We had a lien filed on title to... Asked 8/13/11, 9:32 am in United States Utah Business Law
-
I am in an "oral" partnership with 3 other partners as the docs were never... Asked 7/07/11, 11:16 am in United States Utah Business Law
-
What is the mimem wage in utah? cucse i think my boss is not paing us the right a... Asked 6/27/11, 10:38 pm in United States Utah Business Law
-
I had a contractor do some concrete work at my property. I paid him in full the... Asked 6/02/11, 7:07 pm in United States Utah 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.
