QUESTION
I own a third of a company. There is a serious dispute among the partners. Is it possible for me to force the dissolution?
Asked on May 27th, 2012 on Business Law - Michigan
More details to this question:
The company was started by myself to sell gardening equipment. The other two partners came on board and started violating federal laws (selling marijuana). I am not comfortable with this. Is it possible for me to force the company to dissolve? Is there any way for me to get anything out of this aside from just abandoning my stake in the company?
1 ANSWER
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You do not specify what kind of "company" you own a portion of, or under the laws of what state it is organized. You also do not specify whether you are a party to an operating or stockholders' agreement governing withdrawing owners. This information is necessary to an evaluation of your claims.
Answered on May 28th, 2012 at 1:34 AM