 |
|
|
HOME-||-
SITE MAP-||- RESOURCES-||- MAIN MENU
Business
Dispute FAQ's
===========
Question:
===========
Category: Business Law
Location: NJ
Subject: Partnership Dispute
Hello and thanks for looking at my question:
I want my partner OUT, it’s a mess, and we can’t
agree on anything. There are no responsibility agreements, but it seems
like I’m the one doing all the work, and all he does is
nothing. I approached him, and asked if he was interested in selling
his portion, but he declined.
There is a formal partnership agreement written with a 'certificate of
shares’ signed by both the partners, issued by a CPA
I own 55% of an LLC
He owns 45%
I contributed 20K
He contributed 5K
We have all the legal work regarding partnership percentages and
contribution$$$
What choices do I have?
Thanks in Advance
GG
===========
Reply:
===========
Category: Business Law
Location: NJ
Subject: Re: Partnership Dispute
GG:
Unfortunately, CPA's do not have the training and legal background to
prepare partnership agreements. Just because you contributed more and
do most of the work does not necessarily entitle you to control the
partnership. It all depends on the exact terms of your agreement.
You need IMMEDIATE help from a good business attorney. You need to have
an analysis of the status of your agreement, what are your rights, and
the best course of conduct.
I hope this helps!
Ron Cappuccio
|
|
|
|
|
| |
|
|
©
Copyright 1996-2008
Ronald J. Cappuccio, J.D., LL.M.(Tax) All
Rights Reserved
|
|
|
|
|
|
|
