When I told my business partner of 16 years I wanted to MN because my W wanted to move closer to home and family, he said, "I knew this was going to happen the minute you married that c***." He said that twice in a span of three minutes.
So when I had my heart attack 24 minutes later and was in the hospital for twelve days, he spent that time changing the name of the business, taking all the money out of all the accounts, changed all the tax info, and changed the locks on the door. He came to see me zero times in the hospital.
So he bought me out with a six year old S10 longbed pickup, $4000 cash (which he deducted $120 for the cellular bill), a computer, some software, a plotter, and let me take the equipment I had brought into the business.
Quit talking about fair.
A note for the others... The value of what a business could be sold for and what it is actually worth are worlds apart. Part of a businesses worth is what is known as "blue sky". That is the perceived value of the customer base and future income.
When I left my shop, I was told by my lawyer friend that my partner could have argued that I caused irreparable harm to the business by leaving. I took what I got and left.
“Things turn out best for the people who make the best out of the way things turn out” ― Art Linkletter
