What happens when you have a dispute with your business co-partners and you desire to sell your minority interest in the business?
What if the remaining partners refuse to buy your interest?
Who would buy your minority interest in the business? NOBODY.
Why would someone buy an interest in a business when he knows he will be outvoted on every issue?
When forming small business start up with partners, be sure to draft a comprehensive partnership agreement or shareholder agreement for buying out an owner's interest upon death, disability or withdrawal from the business. This is commonly known as a buy sell agreement.
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The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.