In Texas, forcing a business partner to buy you out is generally possible if a buy-sell agreement exists, or if a specific legal situation arises where you can legally compel a buyout. This typically involves a pre-existing agreement outlining buyout terms or circumstances, or a triggering event like incapacity or misconduct.
When you created your business, you might’ve thought that you had every kink worked out and every contingency under consideration. But as time rolls on, you’ve probably found that new issues come up, priorities change, and business decisions are more difficult to make. For those in a partnership, these issues can be multiplied and, if… Continue reading Effective ways to handle your Partnership Dispute
In the dynamic and competitive landscape of entrepreneurship, business dissolution can be a challenging reality that company owners may end up facing at some point. The journey of running a business is not without its obstacles, and understanding the common reasons that business dissolution may occur is crucial for any entrepreneur aiming to build a… Continue reading 3 common reasons for business dissolution among entrepreneurs
