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    drbobi's Avatar
    drbobi Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 20, 2011, 11:54 AM
    Two years ago I was approached to sell my 22-year-old private practice.
    I was made a 15% partner/member and giving a salary. A year later the senior partner fired me due to my disability and made me a pittiful offer to by me out of my % and is now refusing to show me anything like P & Ls. They also did not include me in the K1 returns and now will not give me any information. What can I do ?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Dec 20, 2011, 12:06 PM
    Hire an attorney, make demands and sue for value based on value at time of sale at least.

    And review your buy out contract, I can't believe you signed and sold and allowed yourself to be able to be fired. Retired or put inactive but not fired.
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #3

    Dec 20, 2011, 12:17 PM
    And grab the client contact list. Those who love and trust you might stand behind you, especially if your NAME is on the practice. (But NOT as a substitute for what your lawyer will do for you).
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