Selling Your Partnership Stake

Strategic business partnerships and joint ventures.

Legal representation for the advancement of your business pursuits.

Neufeld Legal Professional Corporation - Calgary, Alberta & Toronto, Ontario

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SELLING YOUR PARTNERSHIP STAKE

Selling one's stake in a business partnership isn't necessarily a straightforward, especially where the partners lack the benefit of an adequate partnership agreement. And even where there is a partnership agreement, the adequacy of the written document is often brought into question and doesn't necessarily insure a smooth sales process.

With that being said, it is almost advisable to consult with knowledgeable legal counsel prior to revealing your intent to sell your stake in the business partnership. For as soon as you reveal your intention, you eliminate your strategic advancement and your ability to most effectively place your fellow partners in the position that they must acquire your partnership interest and thereupon have them pay you the optimal price for your stake in the partnership. For as soon as you notify your fellow partners, they will invariably engage in adversarial and/ or protective action. As such, the value of engaging experienced legal counsel prior to seeking the sale of your partnership interest cannot be understated and should be a leading consideration when moving forward on such a critical personal business decision.

Partnership buy-outs can be exceedingly complex and invariably demand the support of knowledgeable and expericenced legal counsel so as to maximize a partner's outcome from the resulting buy-out transaction. For knowledgeable legal representation in the realm of partnership buy-outs, contact lawyer Christopher Neufeld with Neufeld Legal Professional Corporation 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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