Winter Park, FL asked in Business Law for Florida

Q: I own a business with my family. We are fighting. How do we split the business or what rights do I have

Mom and me and my brother are listed as owners

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3 Lawyer Answers

A: If you are a corporation did you have a shareholders' agreement. If you are an LLC, do you have an operating agreement. Your rights would be explained in the agreement. If no agreement, then your rights would be set forth in a statute.

A: You will want to reference your business internal documents (LLC would be your operating agreement and so forth), if no such agreements were drafted then you would have to resort to and look at the Florida Default Statutes based on the type of entity you created. You should try to find a way to settle this as reasonably as possible, having to resort to legal counsel will take time and cost money to address it through the courts.

Bruce Alexander Minnick agrees with this answer

A: The fastest and best way is to hire an experienced business lawyer to help you and your relatives "split the business."

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