My husband has an LLC with a friend who has not been actively part of the company for some time now (at least 4 years). Each year, the partner's percentage has decreased, but instead of dissolving the company and starting over as originally planned, my husband would like for the partner to sell his share to me, for example, so that the name, reputation, etc. stays in tact. Is this legal and/or possible?Any help would be greatly appreciated.
TIA,
embee
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