4 Responses to “What Can I Do About Breaking Up The Business?”

1. Mike Frisbee Says:
   December 31st, 2009 at 1:23 pm

   You need to simply stay out of it and let them settle it themselves

2. Ringadin Says:
   December 31st, 2009 at 1:23 pm

   Since their relationship as relatives and business partners has turned toxic, they should both walk away. Dissolve the business legally through your lawyers or sell it and reap 50/ 50 profit. But this fighting cannot go on.

3. Philip M Says:
   December 31st, 2009 at 1:23 pm

   Rather than break up the business, why not explore selling it? If the family business has reached an adequate level of revenue, you may be able to find a venture capitalist or another entrepreneur who would reward your dad and uncle for the equity they have created. The alternative is for one to sell his interest to the other, but is sounds like they would have some trouble agreeing on who would leave and how much their share would be worth. Bringing in an outside buyer would settle this issue assuming dad and uncle have defined equity positions in the company.

4. hottotro Says:
   December 31st, 2009 at 1:23 pm

   One person can buy out the other’s portion.

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