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.

3 Answers

Relevance
  • 2 years ago
    Best 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.
    • dont2 years agoReport

      Initially the guy did help run the business(he did like 30 percent of the work to my dad’s 70 percent) but now the guy does nothing but collect his money. And its not like a situation where the guy put up a bunch of money initially. They got a loan from a bank and went in business together.

  • 2 years ago

    Can't force it, no. No law states that the work must be equal.

  • martin
    Lv 7
    2 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.

Still have questions? Get your answers by asking now.