Legal Question in Business Law in Georgia

purchased a business

I purchased a business 13 months ago. The business cost 47 thousand. I paid the owner 23 thousand dollars. The rest was repayment on his business loan that he wished to be relieved of by last june.I have paid the loan for the last 13 months on time however; He is starting to threaten me with legal action, what should i do? Any suggestions?


Asked on 1/15/09, 8:29 pm

1 Answer from Attorneys

Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

Re: purchased a business

You fail to mention any details regarding the dispute that has arisen. Either way, you should consult with a local business attorney to determine your options

If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

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Answered on 1/15/09, 8:42 pm


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