Commentary

14.6 Ease of disposing of share in the business

BUSINESSES vol 4(2) start-up, sale and purchase
| Commentary

14.6 Ease of disposing of share in the business

| Commentary

14.6 Ease of disposing of share in the business

A related issue to that of continuity is the relative ease with which a participant in a business may dispose of his or her share in that business. It is not an issue which arises in the context of a sole trader since the disposal of the sole trader’s share by definition involves the disposal of the business as a whole, and its resulting discontinuance1. In the case of a partnership or a limited liability company, on the other hand, one participant may wish to leave an ongoing business and indeed

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