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I have a partner its 50/50 shares and the...
By paulyne_skip on Sep 30, 2009
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.
Best Solution
posted on Sep 30, 2009
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!
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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Some good points thanks
" - paulyne_skip
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