any rights?
Answer:
Of course. She owns 49%.
You have to analyze this with reference to the laws in your state governing close corporations.
If they're married, the right to kick his @ss!
Absolutely. If he does not want her involved in the business he will have to buy her 49 percent. She needs a lawyer right now!!
yes she is still a co-owner. Specific rights depends on what they agreed to in the partnership agreement.
Percentage of the ownership determines your level of authority over decision making process in a business. Even if she owned only 5% of the business, her partner can not fire her. It is not a corporation. It is a partnership.
So, she still owns the business. he wanting to fire her is just a matter of disagreement between him and her. One of you take that issue to court, and it will be thrown out because judge will say that there is no legal issue here.
Now, unless it is stated otherwise in a partnership agreement/contract.
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