I have a partner its 50/50 shares and they want us to give the business to their new business for free and they will pay the mortgage for the building, otherwise they are threatening to liquidise. I want to know how long liquidisation would take? This business has been running for 5 years and has 3 staff and 50 consultants who work there can they do this. It is paying for itself. Or we buy them out.
How is the new business capitalized?
Are third-party venture capitalists involved?
Can either company "stand alone"?
Why not split?
If third-party is involved, they might be looking for a quick turn-around and then liquidate, anyway.
FixYa is not the forum for this. I suggest you consult an attorney that is not currently associated or involved with this company.
Good Luck with your venture!
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