Thursday, 6 February 2014

If 1 partner has lied, falsified, changed, withheld company paperwork. What options does other partner have? Is there a time limit?

Question

If 1 partner has lied, falsified, changed, withheld company paperwork. What options does other partner have? Is there a time limit?



Answer

[email protected]/* */ on what your by-laws or operating agreement says, your best recourse is probably to sue to force the partner or co-owner out. You will have to pay for his interest, but you should be able to force the sale of his shares or interest.



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