Is this a partnership, a corporation, or an LLC?
Is there a written partnership agreement (for a partnership) or other agreement between the owners which may already cover this?
Even if there is an agreement, there are other issues that often come up when corporate owners wish to leave the business. Shareholders (which is what corporation owners are called; partners own "partnerships" - which have different legal implications), even if they have terms regarding how ownership is to be ended, should normally establish a complete contract, written by an attorney in the state where the business and parties are located, that will include full details over payment, when to be made, how to be made, any collateral involved, and interest rates as well as which specifies what is being sold and what is to be paid for that sale. Also, parties should try to remove any liability from themselves for the business. However, if a shareholder has personally guaranteed anything, for example, then just leaving the business, even with a well written sale agreement that says they are not liable for liabilties will not serve to remove them from liability over that guarantee or other obligation because those agreements are with third parties, not the company or its other shareholders. Therefore, selling shareholders who may still be liable for any personal guarantees or promises they may have made will need to find a way to obtain collateral or promises that any payments they may have to make will be returned to them. A complete review of the financials of the business as well as the parties involved, and their assets, can help provide more security and strengthen the protections of the person who wants to be bought out. Language and details are very important in leaving a business or being bought out and this is why professional help is best to obtain.
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