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Hi: I am a...
Hi: I am a tech here on site in the RV section, so I am not sure if I will see your answer and you may have to PM me. Seems like I have had that problem with others asking me a question that were an Expert in another field. My question is about what form can I file in California to remove a partner in my Bookstore business? I haven't heard from her in over 3 years and have no knowledge of here whereabouts. She is my sister and we have no formal partnership agreement or anything recorded. I did give her a note showing she was considered a 50% partner and we have file taxes on a Partnership return with the IRS. I was told I can petition the Court for abandonment of her interest, but don't know how involved that may be. Is there some form I can file or do I have to spend a bunch of money hiring an attorney to do this for me. Thanks in advance for your help. I have used the Law section before on here with great advice!
Submitted: 2 years ago.Category: Business Law
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1/18/2016
Business Lawyer: Ely, Attorney replied 2 years ago
Ely
Ely, Attorney
Category: Business Law
Satisfied Customers: 103,583
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Hello and welcome to JustAnswer. Please note: This is general information only for educational purposes only, and is not legal advice. No specific course of action is proposed herein, and no attorney-client relationship or privilege is formed by speaking to an expert on this site. By continuing, you confirm that you understand and agree to these terms.

First of all, is she in agreement to walk away? If so, does she want to be bought out?

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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.

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