FORCED OUT OF PARTNERSHIP

Partnership Buy-Out  |  Selling Your Stake  |  Forced Out  |  Buying Out Partners  |  Buying into Partnership

Contact Neufeld Legal PC at 403-400-4092 or Chris@NeufeldLegal.com

Being forced out of a business partnership that you invested in and/or worked hard to elevate its present financial position is never a good situation, and yet such drastic action on the part of your co-partners is not uncommon. For the reality is that when your co-partners take such action, whether or not it is permissible, you need to take appropriate responsive action, for which the services of an experienced lawyer can be particularly beneficial.

The fact is that even though we would like that all business partnerships remain cohesive and the partners will not seek to eliminate their fellow partners from the partnership, the stark reality is that your partners are people who are driven by their own psychological beliefs as to your remaining a partner in the partnership, whether or not their beliefs are rationale and/or legal. For irrespective of the rationality and/or legality of their beliefs and actions, you need to deal with them, otherwise you risk losing your partnership interest and/or having it seriously undervalued when you are forced out of the partnership.

There are a range of possibilities should your fellow partners seek to force you out, from negotiating a move favorable buy-out, reversing the force out such that you are buying out the partners that initiated the force out, forcing the dissolution of the partnership, etc. Each of these legal strategies tend to be quite complex to negotiated and implement, such that the involvement of an experienced lawyer on your behalf is to your considerable advantage and should not be underestimated given the financial impact of not attaining the best possible resolution to a partnership force-out.

The significance of an experienced lawyer to protect and advance your interests when your co-partners are seeking to force you out of the partnership cannot be understated. For knowledgeable legal representation when dealing with being forced out of a partnership and other partnership disputes, contact our law firm to schedule a confidential initial consultation at Chris@NeufeldLegal.com or 403-400-4092.

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