QUESTION
our business partner has put us in debt (per our accountant) even owing back taxes. he wants to walk away and wants us to pay him $175k do we have to?
Asked on Aug 06th, 2012 on Business Law - New Jersey
1 ANSWER
Reviews not shown
1 Award
The price of walking away is zero. That is what walking away means. If he wants to be bought out and you want to buy him out, then you can negotiate the price. You certainly don't "have to" pay him $175K.
Answered on Aug 07th, 2012 at 9:01 AM