Q: My business partner is avoiding me, how do I use my majority right to regain control of my business?
I joined partnership with my partner to take over a restaurant. The share is 71-29, I'm the majority with 71 and my partner holds 29. I leave all operation to her since I'm having a baby and our business has been losing heavily since we open on July. I have found an experienced party who is willing to join venture to help to bring our business up to good standing. My partner is refusing this offer but I want to go with it. She is ignoring my text, email, and calls. What can I do to be able to go with the other party? Everyday that she is avoiding me and keep the business open I'm losing thousands. I rather close it down for now till the other party can join. Please help.
Your rights here really depend on what the partnership agreement says and what powers it gives you as the majority partner.
It also depends on whether this is a limited partnership, an LLC, general partnership, etc.
A full consultation would be necessary to properly advise you.
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