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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.

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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!


Posted on Sep 30, 2009

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If you have gain with their bussiness, buy-them or move to next door on the front of them. as simple as that. If your business is stable, dont give that away, the wrost years is the first 5 years. Go with your idea (bussiness), dont look back. Someone allways trust in you, dont fail back

Posted on Dec 27, 2009

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