How to Buy Out Your Business Partner
Excerpt.
Business partnerships end for a wide number of reasons. Some are
friendly, amicable, and in the best interest of both parties--while
still others can reach a bitter, nasty end.
Whatever the reason
is, if you want to keep your business, but your partner has to go,
here's everything you need to know to successfully buy out your business
partner. . .
Even if your relationship with your partner is amicable, and even if
you are working from a clearly outlined partnership agreement, it is in
everyone's best interest to hire an experienced acquisitions attorney to
negotiate your buyout.
Working with an acquisitions attorney will
help you ensure that your buyout conforms correctly to state and local
laws, appropriately honors the initial partnership agreement, and that
all parties understand and agree to the terms. The cost of hiring a
professional is worth avoiding any headaches or conflict down the line
over buyout terms that were mishandled or unclear.
Link to full article
here.
