LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

SRY (Businessman)     04 September 2023

How to sell stake in a partnership firm?

A partnership firm was established by 4 partners. The firm purchased a plot in MIDC. No business activity has taken place in the said firm since establishment. The only asset owned by the firm is the mentioned MIDC plot. 3 partners are willing to sell the plot and dissolve the firm, 4th partner is not willing to co-operate.

Question1- Can 3 partners sell their share in the firm to a buying party which automatically gives buyer the right to 75% of the property?  

Question2- Can the 4th partner create hurdles while the other 3 are selling their own share in the partnership firm?

Thanks in advance!!



Learning

 1 Replies

Real Soul.... (LEGAL)     04 September 2023

You should check your partneship agreement that will guiede you as you cannot go beyound that


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register