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I want to sell but the other shareholder doesn't. Who wins?
A friend and I formed a corporation together, and we share ownership equally. The business is in financial trouble now, and I would like to sell it and make at least something out of it before it is too late. My partner says she cannot afford to buy me out and refuses to sell. What should I do?
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winding up
The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.
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