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#1
14th May 2004, 06:55 PM
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partnership
I opened a LLC type of company with 4 partners. Idea for this company was to buy and maintain real-estate. They got a deal which they had to close in a very short time. When they bought the real-estate the fourth partner never participated in any form; money and time. Even at the closing time he was not available and does not have his name in the loan agreement with the bank.
Does keeping him in the company harms any partner? Can he still claim his stake in the company? If I need to get him out of the company what would I need to do? Cheers! Currys 
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#2
14th May 2004, 11:27 PM
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...
At the time of opening a company there was no contract signed. The only place there's name of the third partner is at the document that was filled in to file with the Department of Finance. After that all the loan is in the rest of the three partner's name.
Cheers! Currys
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