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Can I Force A Partner Out Of My New York Business?

Yes. However the next question becomes should you and for what purpose are you seeking to force out a partner. Under New York law, traditional methods respecting the force-out or lock-out of a business partner relate to that partners actions involving self-dealing, misappropriation of business assets, misappropriation of business opportunities, violation of the management structure and violation of the governing shareholder, partner or membership agreement.

Before taking any action to lock-out or buy-out a business partner you must carefully review the governing corporate agreements and carefully plan and review your actions with your New York business attorney. Be aware that your actions may eventually come under scrutiny and review of a court.

Charles Internicola

by Charles Internicola
National Business and Franchise Lawyer

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