How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask WiseOwl58 Your Own Question
WiseOwl58
WiseOwl58, Attorney
Category: Business Law
Satisfied Customers: 3618
Experience:  Experienced business lawyer.
62735101
Type Your Business Law Question Here...
WiseOwl58 is online now
A new question is answered every 9 seconds

Please can you tell me, I want to relinquish my ownership (49%) in a small business. The o

This answer was rated:

Please can you tell me, I want to relinquish my ownership (49%) in a small business. The other owner is amenable to this transfer or sale for $ 1.00. Is there a template I can use as a guide? Thanks so much!

Cindy Burns
What is the type of business entity you are selling? Is it a corporation or an LLC or something else?
Customer: replied 4 years ago.

Business type is a corporation. All I need to do is verify in writing that I am willing to transfer all rights of ownership and responsibility for loss or income from profit to Karen and Micheal Kraushaar.

 

I hope this helps simplify your response to my needs.

 

Thanks!

 

Cindy Burns

Here is a very simple straightforward agreement that you can use to transfer your shares to the other shareholder:

http://dl.dropbox.com/u/58796728/Sale%20of%20Stock.doc
WiseOwl58 and 2 other Business Law Specialists are ready to help you

Related Business Law Questions