Buying Partners Out

Strategic business partnerships and joint ventures.

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Neufeld Legal P.C. - Calgary, Alberta & Toronto, Ontario

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BUYING YOUR PARTNERS OUT

As every business partnership grows and undergoes change, the internal dynamics between its partners is subject to change. And with those changes in the relationship between the partners, there is the prospect that you might no longer be able to co-exist with one or more of your partners, whether for business and/or non-business reasons. When such a situation arises, and especially where there is no prospect for repairing the relationship, the only viable course of action is to effect the buy-out of your business partners.

Buying out your business partners is rarely an easy or straight-forward process, even where one has the benefit of a written partnership agreement. There are numerous factors that come into play when you are seeking to buy-out one's business partners, especially where those same partners do not wish to divest their partnership interest. As such, it is extremely important that you undertake appropriate strategic planning prior to initiating a well-devised plan to buy-out your business partners. And developing such a strategic plan begins with engaging the services of a knowledgeable partnership lawyer, who not only can develop your plan of action, but can also deal with the challenges of your fellow partners as they fight back against being forced out of the partnership.

At the law firm of Neufeld Legal P.C., we draw upon our extensive experience in the realm of commercial buy-outs to facilitate our clients efforts to strategically buy-out their business partners at the optimal price, while overcoming the dissension from the partners that are being forced out.

To learn more about how Neufeld Legal P.C. can assist yourself in buying out your business partners, while dealing with their opposition to your strategic initiative to force them out of the partnership, contact us at Chris@NeufeldLegal.com or 403-400-4092 (Calgary, Alberta) or 416-887-9702 (Toronto, Ontario). 

 

Neufeld Legal Professional Corporation is a Canadian law firm operating out of Calgary, Alberta and Toronto, Ontario, and is focused on corporate transactional matters that impact local, national and international businesses in their quests for corporate success.

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