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Date: | Thu, 3 Mar 2005 13:04:31 -0500 |
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I'm hoping someone on the listserv can help clear things up for me. I
work for a manufacturing company that has always been a family/privately
owned company. Well they have just sold it to a three person
partnership. This partnership invests in companies for assets which are
placed in a tax sheltered trust for the benefit of future generations of
their partnership. They are a very "hands-off" partnership. Our
current management will still be in place running everything the same
way; they claim it will be a seamless transition.
I guess my question comes in with the records of the company. Has
anyone ever dealt with a situation like this, where a company has been
sold to a privately owned partnership? With this type of transaction
does the partnership now take over any or all of the records if they
claim to be a "hands-off" operation or do we still control them as is?
Any light on this situation would be greatly appreciated. Thank you.
Kelly A. Nelson
Corporate Records Administrator
McGard, Inc.
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www.mcgard.com
716-662-8980
716-662-8985 fax
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