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Articles Posted in partners

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Partnership Dissolution Presents Factual Issues

In a case turning on an unusual provision in West Virginia partnership law, the state Supreme Court sent a partnership dissolution action back to the trial judge to determine whether the plaintiffs were actually partners of the partnership that they were trying to dissolve. The opinion in Sugar Rock, Inc.…

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Book Value is Not Fair Value in Partnership Buyout

Socialite’s Family Partnership Interest Book value can have a few different meanings. The best definition is simply the value of assets and liabilities that a company carries on its books. Is it different than the “fair value” standard applied in statutory buyouts?  Yes– a lot different. There are many partnership…

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