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buying out llc partner

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akpkmk

Junior Member
What is the name of your state? texas

I am co-owner of a salon. my business partner & I each own 50%. It's not working out & I am trying to purchase her half. We formed a L.L.C.( we're the only members). Can she sell her 50% to anyone - meaning I'll have to be 1/2 owner with that person? Can she do this in a L.L.C.? If we dissovle the L.L.C. can she sell without my consent? I really want to purchase her part. besides cancelling the L.L.C. what other documents do I need to finalize / close the deal - that will protect me from her coming back to me saying Ii owe her for this or that. please reply A.S.A.P.!!!
thank you!
 



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