Matt Clark

Steven, welcome to the show.

Hi there.

Thanks for taking the call.

Absolutely.

What's going on?

So does he not want to pay to get a valuation because he thinks it's worth nothing?

What does the valuation cost?

And that's a big gap from it's worth nothing to it's worth three quarters of a million dollars.

Now, I would not go into debt to buy him out.

If you wanted to continue this, you could do some sort of like profit sharing agreement.

He wants out and wants to start his own.

He wants me out.

He basically wants to run a solo business.

Yeah, what does the operating agreement say if the business, one of the partners want to get out?

Well, I mean, if the agreement says you get a valuation, then I don't see how it's illegal for you to take that out of the business checking account and go get a valuation.

Well, if it's worth nothing, then you don't have to buy him out.

Isn't that what he's saying?

Let it be worth nothing and go, all right, there's nothing to give you.

I'm guessing nobody would actually buy your business.

Is he going to poach all their current clients?