Hey so me and a partner recently bought a physical store ( at the moment we are 50/50) & want to split it into 3 with another partner (33% each). What are the steps to doing this?
Hey so me and a partner recently bought a physical store ( at the moment we are 50/50) & want to split it into 3 with another partner (33% each). What are the steps to doing this?
How are you currently set up? If you have a legal partnership, you will have to dissolve that partnership and reform, preferably under an LLC or SCorp.
Get the assistance of a lawyer, Enrolled Agent, or CPA.
Why? I am an accountant and I deal with limited partner transfers of interest all the time. Never dissolved and created a new partnership to accomplish this.