Partnership Firm,


CAN ANY ONE HELP ME,

CAN MY PARTNER FORCE ME TO SELL PARTNERSHIP BUSINESS IF I DO NOT WANT TO DO SO?

 
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advocate and tax consultant

No , he cannot force you to sell the business , however, we may have to once look at your partnership to check and verify any clauses granting or restricting the right to do so.

 
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advocate and tax consultant

i meant "partnership deed" .

 
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Actually My partner wants to retire & he has set price of business assets double then fair valve of assets. But there is clause that no partner (s) can claim goodwill on his/her retirement. so he says either you pay double or we sell the business. he is also insisting that we shall lock factory untill this dispute is settled.

  

 
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Hi,

I think your decision is right because dispute can be dangerous for your business . Ithink you should problem solve  earlier.

 

 
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