Question: Two friends in a limited partnership (LP) start getting into disagreements on how to manage a rental property that the partnership owns. One partner who

Two friends in a limited partnership (LP) start getting into disagreements on how to manage a rental property that the partnership owns. One partner who owns 80% wants to spend lots of money improving the building so it will rent for a higher amount, and the other partner which owns 20% has no additional money and does not want to borrow some from a bank. Can the second partner force the other partner to dissolve the partnership and sell the property?Why or why not?

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No the second partner in this scenario cannot force the first partner to dissolve the LP and sell the property but they do have options depending on t... View full answer

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