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    skinner104's Avatar
    skinner104 Posts: 1, Reputation: 1
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    #1

    Dec 6, 2012, 10:22 AM
    Leasing a business that cannot be sold
    Can a business be leased under a long term contract that legally cannot be sold? I own a business that is established under terms of a county ordinance that legally cannot transfer ownership and have an individual interested in owning the company. I would like to know if I can lease the business to him transferring the assets and profits under a lease agreement in lieu of selling it?
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #2

    Dec 8, 2012, 07:19 AM
    One would have to review the terms of the ordinance.
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