Have Legal Questions? Ask a Lawyer Now.
The business is a Limited Liability Corporation. I want to keep the business. It is not mutual; after bring on this business partner, I have come to the conclusion that we are going in entirely different directions. Basically, for the past 2 years, I've done the majority of the work, but he still claims to want an equal amount of ownership. I've also brought in all of the company's money and I have all of the business contacts. I believe that I am better off continuing the business alone. The business is Education Support services: workshops, training and technology services.
Absolutely and I'm past the point of salvaging anything. Again, there is not a partnership agreement.
I want the business as an LLC but I don't want him as a business partner
No board of directors. I am right now the only active operator for the most part. When we started we both were under the idea of bootstrapping and making this work.
we're both listed as partners
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).