What are my options if I own a business with my ex-husband and I want to get out?

We’re incorporated 50/50 partnership.

Asked on August 31, 2013 under Business Law, Florida

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 7 years ago | Contributor

Well that would depend on the facts of your case.  The terms of your partnership agreement will govern if in fact it addresses the issue.  It may say something like if one party wishes to dissolve the partnership (which you would need to do legally) or sell his or her portion of the business, etc.  You may have to give him the right of first refusal to buy you out.  I would take the agreement to an attorney to review and let you know your options.  Good luck.


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