Can A Business With Partners Be Placed Into A Trust
When required by
a partnership agreement, all owners must either be notified or give consent to
transfer one’s own equity to another. If such a clause does not exist, one’s
own equity and interest can may transferred to the trust without consent. To
transfer all equity of a business, all equitable partners must consent to their
share being transferred as such. Even with operational control, if there is any
other type of ownership by another - they must be notified.
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