Legal Question in Business Law in Virginia

Out of a partnership

I recently bought 50% of an existing business and partnered with the original owner. Aside from losing my investment what other liabilities might I face?


Asked on 6/09/08, 3:53 pm

2 Answers from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Out of a partnership

Who could possibly say without reviewing your partnership agreement with this original owner of the business?

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Answered on 6/09/08, 4:59 pm
Ruth Emily Kochard Ruth Emily Kochard, Counselor at Law

Re: Out of a partnership

It would depend upon the terms of your agreement, if this is a partnership (and not corporation)

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Answered on 6/10/08, 12:41 am


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