Legal Question in Business Law in Utah
Utah Partnership Question
My son is a partner with another individual. My son wishes to sell his half of his partnership to me, his father. Can he do this without notifying his current partner and if so how?
Asked on 3/19/07, 7:47 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: Utah Partnership Question
It depends on the terms of the operating agreement of the partnership. If there is no operating agreement then he is bound by the Utah Partnership Act. From a practical standpoint, why would one of the partners want to sell his interest without giving the other partner notice?
Answered on 3/20/07, 10:43 am
Related Questions & Answers
-
Leaving an LLC I started a painting business, LLC, with a partner, 50-50. I now want... Asked 3/12/07, 11:31 am in United States Utah Business Law
-
Compinsation for information I have a former business partner who is preparing to... Asked 2/13/07, 3:39 pm in United States Utah Business Law
-
Is a judgement tax deductible is a judgement tax deductible Asked 2/08/07, 9:34 am in United States Utah Business Law
-
Non-Competition Agreements Does a Non-Competition Agreement need to be notarized and... Asked 2/07/07, 6:37 pm in United States Utah Business Law
-
Trademarks, and copyright Can I use a movie name for a business without permission... Asked 2/05/07, 3:20 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.
