LegalMatch Free Legal Advice Forums     
Find A Lawyer Now!
Legal Forum

Go Back   LegalMatch Free Legal Advice Forums > Business Law Forum > Business Disputes
User Name
Password Register
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Find a Lawyer Now By Category:
Family & Divorce Criminal Defense Job & Employment Personal Injury
Real Estate Lawyers Immigration Business Lawyers Other Lawyers
Be assured that LegalMatch is Fast, Free and Confidential
Not Ready To Hire an Expert Lawyer? Get Online Legal Documents
Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 05-20-2008, 09:53 AM
Junior Member
 
Join Date: May 2008
Posts: 1
Question Dissolving partnership of Corporation

We have a small business that is a Corp. It is made up of my partner and myself. I want to end the partnership because of unresolvable differences and to protect myself from further financial liability. How difficult is it to do when it is a Corp. I need to protect myself from his further poor judgement and insistance on increased debt that can not be pay back to others. I prefer to avoid bankruptcy if possible but all the credit card debt is in my name.
Reply With Quote
  #2 (permalink)  
Old 08-09-2008, 11:11 PM
Banned
 
Join Date: Aug 2008
Posts: 74
Default

First of all, arrange to take your partner off your credit cards as signatory. Then he cannot charge anything more to YOUR cards. Then get out the bylaws of your corporation... you did have a lawyer make a set?
Find out how to go about dissolving the corporation from that reading. If there are no bylaws, then you should go to your state model statutes for corporations and read up on dissolving a corporation like yours. Get a lawyer, show him what you've found but proceed to arbitration if possible rather than the courts. Your lawyer can help you figure out whether the credit card debt is yours forever or if you can sue your partner to force him to sell the corporation or liquidate it to pay off the debt.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -7. The time now is 09:27 PM.

Find Lawyers | Family & Child Custody Lawyers | Divorce Lawyers | Criminal Defense Lawyers
Job & Employment Lawyers | Personal Injury Lawyers | Real Estate Lawyers | Business Lawyers
Immigration Lawyers | Bankruptcy Lawyers | Estate Planning Lawyers | DUI-DWI Lawyers

Marketing for Attorneys | Websites for Attorneys | Law Firm Financing
LegalMatch Reviews | LegalMatch Forums | LegalMatch Family Lawyers | LegalMatch PR
LegalMatch in Austin | LegalMatch Life | LegalMatch Affiliate Program


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0
Copyright ©1999-2007 LegalMatch. All rights reserved. LegalMatch®, the LegalMatch
logo, and the tradedress are trademarks of LegalMatch. Patents Pending.