Post by Peter Withey
How do they work?
Once again we hear Alistair saying that he has to buy Anisha out.
As a layman I would have thought the boot was on the other foot.
Anisha wants out of the partnership not Alistair. Surely she should
have to buy her way out of it. not him buy her out.
What about the improvements to the practice, the new equipment etc.
mainly suggested by her iirc. I'm obviously being naive but if she
wants out shouldn't Alistair be billing her for her share of those
Not actually heard the latest episode but all partnership agreements
will have predefined exit arrangements (I have recently been told about
an equity partnership being terminated because the partner concerned had
not driven enough new business - despite being pretty busy with existing
Anyway with only two partners the clauses in the agreement would (if
properly drawn up) probably have a form of pre-emption whereby Alastair
(as it was his practice originally) would be able to buy out Anisha in
preference to her selling her share and he becoming lumbered with a
partner he does not like.
The loan was used to buy assets and undertake building work. In that
sense the partnership is worth no more and no less than it was before
the work started but the high profile equine clients brought into the
business will not stay if the appropriate partner departs.
Consequently if Anisha paid £x for her share of the partnership it is
probably only worth £x/4 of that amount - so if she wants out she will
lose a good chunk of her money. If she is expecting return of her
original investment then hard luck.
Alastair only rents space at the Stables from Shula - unless she put the
property in joint names. If she did and then wants a divorce it is
going to cost Shula a lot of money as she will have to buy him out. He
probably has an unbreakable tenancy on the spaces used by the practice,
so he will get a huge payout from Shula, pay a pittance to Anisha and
then sell the entire practice so will walk away quite rich. Works out
well in my opinion for him as he gets rid of two objectionable women and
gets paid well for it.
I doubt if that is what the writers have written.
Kosmo Richard W