Legal Question in Business Law in Indiana

is it possible to eliminate a 1/3 owner of a business when they threaten to take the business down


Asked on 3/06/14, 7:50 am

1 Answer from Attorneys
Kenneth Wilk Rubino Ruman Crosmer & Polen

You cannot "eliminate" an owner. You would have to either buy out his interest or sell the business and distribute the proceeds. If it can't be done voluntarily, a court ordered dissolution would be required.

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Answered on 3/06/14, 4:54 pm


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