If a 50% partner in CA s-corp wants to dissolve, &other partner willing to pay that value, what happens?

Question

I have a 50% partner that wants to dissolve a S-corporation out of spite, I will pay him above the dissolution value what happens after he files? Can a judge force him to take my amount if it is above what he would get if he dissolves? Or does he get the dissolution no matter what I do? This is an extremely healthy company, very profitable.

Answer 1

If you two can't agree the Court will require a dissolution. Basically sell the company to the high bidder and you two split it. It is in both your interests to get this resolved

Have you retained counsel??