Legal Question in Business Law in Missouri

Last September, my partner bought half my shares of my business for around $30,000. We signed a contract stating that she owns 50% of the share of our company. We went out of business recently and she wants me to give the whole $30,000 to her. Do I have to? During the time when we were still up for business, she still took half of the money we earned.


Asked on 3/31/12, 8:23 pm

1 Answer from Attorneys
Michael R. Nack Michael R. Nack, Attorney at Law

You talk about "partner" and "shares" but you do not see the necessity of mentioning whether or not your business was legally organized as a partnership, corporaton, or LLC. In fact, your use of the word "partner" implies a partnership while your use of the word "shares" implies a corporation. In order for you to obtain any type of competent response from an attorney, you will need to include in your question all of the relevant information that the attorney needs.

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Answered on 4/01/12, 9:03 am


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