Business & Commercial Law FAQ - I run a nightclub with a friend who also has other business interests?
Date: March 03, 2011
Q. I run a nightclub with a friend who also has other business interests. Recently he has become significantly disinterested in the business and continues to make substantial drawings. What can I do?
A. You can dissolve the partnership, continuing to run the business in his absence but agreeing to either sell it so that everyone gets fair value or negotiate through your lawyer to settle a fair purchase price so you can buy him out and continue on with the business if you wish.
