I have a service company of 10 years with an equal partner (50/50). My partner says if I don't sell my half of company to him he will desolve the company and start a new one with the support of our biggest client. Can he do that?
Answer
In general, the answer is no. You have not stated whether you have a partnership, LLC, corporation or proprietorship, or whether you have a written agreement. An owner can withdraw from the relationship, however that is different than dissolving the company.
Answer
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