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Updated over 7 years ago,
Can Minority Partner be Forced into 1031 Exchange?
I am the manager of an llc that owns 18% of a larger llc who's only holding is a strip mall. Three other llc's own the rest of the big llc. They all want to 1031 exchange our equity in into a medical office building. My llc does not. I know that there are many ways to resolve the issue allowing us to cash out our equity and them to move on. However they are determined to hold the medical building with no financing and to force us to do the exchange. Is that legal? Can we be forced to sell the property, exchange into another just because they're the majority?