- November 20, 2017
How do I buy out my business partner should I need to? Typically, the course of action taken to buy out a business partner would be outlined in a legal document that states the terms and conditions made between all partners involved during the initial stages of building the company. A buyout would require a business valuation and an experienced lawyer to handle the state and federal laws associated with an agreement change, to review and negotiate the agreement and terms of the buyout, and to file all paperwork clearing the departing partner of all business association.
If you have questions about buying out a business partner or need an attorney, contact Stenger, Glass, Hagstrom, Lindars & Iuele LLP today. We have two convenient Dutchess County, NY office locations in Poughkeepsie, NY and Wappingers Falls, NY.