If a co-owner of a business is lazy and contributes nothing, can you take them to court and force them to sell to you? If you do EVERYTHING?
Im talking about a situation where there is 50/50 ownership but one owner refuses to help run the business and leaves EVERYTHING to the other owner.
- babyboomer1001Lv 72 years agoFavorite Answer
Why would a court order a 50/50 partner to allow himself to be bought out by you? Courts do not interfere in business relationships unless something illegal is going on. You chose your partner. If you can kick him out in another way, do it. If he financially put in initially, try and buy him out. If nothing works, close the business and open your own business, with a new name. Do it behind his back until the last moment. Scr*w him for the scr*wing he stuck on you.Source(s): Certified Paralegal, with 25+ years' experience.
- SlickterpLv 72 years ago
Can't force it, no. No law states that the work must be equal.
- martinLv 72 years ago
You'd have to find something in a contract between the two owners, or at least something implied. It's a question of evidence that there was an agreement to pitch in 50/50. Otherwise one owner could maintain that he was only expected to put up half the money to buy the business, but not work.