I need some sound advice. I am a member in a CC with 50% members ineterest. The CC is held by 2 individuals, however I am wanting, for personal reasons to sell my interest. I have been told that in order to do this, I must in accordance to the law, advise and offer my interests to the other member.
I have discused and offered my interests and the other party has in princial agreed to purchase my 50%. The problem comes in with regards to an agreement on the pricing thereof. If a pricing / repayment structure can not be agreed to, can I offer my 50% to any other party ?
Obviously if I was to offer to an alternative party, the books, customer lists, pricng etc would all have to be offered to the party in order for an evaluation to be made. Do I need permission from the other member in order to do this ?
If permission is required, then am I between a rock and a hardplace, in other words, will I have to agree to the terms conditions and pricing offered by my coleague ?