We've all heard of the start-up that is so popular a mega-corporation buys it up. Unfortunately, that only happens occasionally, but businesses are bought and sold everyday - merged, or sadly, out of business through bankruptcy or lack of interest. Also, what happens when another business wants to acquire your business? Do they purchase your debts, machinery or client lists? There are other times when you and your business partner need to go your separate ways. Who gets what when you don't want to end up in court?
Find a Small Business Law attorney in your area.