Monthly Archives: February 2013

Minority Owner Did Not Agree to Convert to a Limited Liability Company

Suppose you are a minority interest owner in a partnership (less than 50%) and the majority owners decide to convert to a limited liability company (LLC) despite your disagreement to convert. Are you now responsible as an LLC member? If … Continue reading

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Collecting on a Promissory Note Given in a Sale of Business

If you sold your business and took back a promissory note from the buyer, you may be looking forward to the monthly payments and the nice revenue stream your business continues to provide after it was sold. However, if the … Continue reading

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Dissolving a Business Partnership

A business partnership is very easy to create and can sometimes be created by two or more individuals by merely going into business together But suppose the business of the partnership business is not doing well or the partnership was … Continue reading

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