Comments on: My business partner is stealing from my company? What can I do? http://mckeeoffice.com/blog2/2009/11/12/my-business-partner-is-stealing-from-my-company-what-can-i-do/ by McKee Law Office Wed, 04 Jan 2012 10:15:45 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Sharmil McKee http://mckeeoffice.com/blog2/2009/11/12/my-business-partner-is-stealing-from-my-company-what-can-i-do/comment-page-2/#comment-199 Sharmil McKee Thu, 17 Jun 2010 12:32:25 +0000 http://mckeeoffice.com/blog2/?p=323#comment-199 The short answer is yes you can hold your partner responsible if he is misusing business funds for personal use. Start by asking him to produce copies of the bank statement and financial reports (profit loss; balance; cash flow; and retained earnings). Then have hire a Certified Public Accountant to review and analyze the data. He or she should be able to tell you whether your partner is misusing funds. Of course, you always have the right to ask a judge get involved in your situation. Call or email me if you are interested in discussing your options. Thanks for visiting. Sharmil McKee | Business Attorney | blog@mckeeoffice.com The short answer is yes you can hold your partner responsible if he is misusing business funds for personal use. Start by asking him to produce copies of the bank statement and financial reports (profit loss; balance; cash flow; and retained earnings). Then have hire a Certified Public Accountant to review and analyze the data. He or she should be able to tell you whether your partner is misusing funds.

Of course, you always have the right to ask a judge get involved in your situation. Call or email me if you are interested in discussing your options. Thanks for visiting.

Sharmil McKee | Business Attorney | blog@mckeeoffice.com

]]> By: mark http://mckeeoffice.com/blog2/2009/11/12/my-business-partner-is-stealing-from-my-company-what-can-i-do/comment-page-2/#comment-196 mark Wed, 26 May 2010 13:09:54 +0000 http://mckeeoffice.com/blog2/?p=323#comment-196 partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.? partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.?

]]> By: mark http://mckeeoffice.com/blog2/2009/11/12/my-business-partner-is-stealing-from-my-company-what-can-i-do/comment-page-1/#comment-295 mark Wed, 26 May 2010 13:09:00 +0000 http://mckeeoffice.com/blog2/?p=323#comment-295 partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.? partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.?

]]> By: mark http://mckeeoffice.com/blog2/2009/11/12/my-business-partner-is-stealing-from-my-company-what-can-i-do/comment-page-1/#comment-296 mark Wed, 26 May 2010 13:09:00 +0000 http://mckeeoffice.com/blog2/?p=323#comment-296 partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.? partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.?

]]> By: mark http://mckeeoffice.com/blog2/2009/11/12/my-business-partner-is-stealing-from-my-company-what-can-i-do/comment-page-1/#comment-297 mark Wed, 26 May 2010 13:09:00 +0000 http://mckeeoffice.com/blog2/?p=323#comment-297 partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.? partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.?

]]> By: mark http://mckeeoffice.com/blog2/2009/11/12/my-business-partner-is-stealing-from-my-company-what-can-i-do/comment-page-1/#comment-267 mark Wed, 26 May 2010 13:09:00 +0000 http://mckeeoffice.com/blog2/?p=323#comment-267 partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.? partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.?

]]> By: mark http://mckeeoffice.com/blog2/2009/11/12/my-business-partner-is-stealing-from-my-company-what-can-i-do/comment-page-1/#comment-298 mark Wed, 26 May 2010 13:09:00 +0000 http://mckeeoffice.com/blog2/?p=323#comment-298 partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.? partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.?

]]> By: mark http://mckeeoffice.com/blog2/2009/11/12/my-business-partner-is-stealing-from-my-company-what-can-i-do/comment-page-1/#comment-299 mark Wed, 26 May 2010 13:09:00 +0000 http://mckeeoffice.com/blog2/?p=323#comment-299 partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.? partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.?

]]> By: mark http://mckeeoffice.com/blog2/2009/11/12/my-business-partner-is-stealing-from-my-company-what-can-i-do/comment-page-1/#comment-274 mark Wed, 26 May 2010 13:09:00 +0000 http://mckeeoffice.com/blog2/?p=323#comment-274 partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.? partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.?

]]> By: mark http://mckeeoffice.com/blog2/2009/11/12/my-business-partner-is-stealing-from-my-company-what-can-i-do/comment-page-1/#comment-279 mark Wed, 26 May 2010 13:09:00 +0000 http://mckeeoffice.com/blog2/?p=323#comment-279 partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.? partner is using business account for personal use and has also electronicly deposited money in company name into personal account. i am 40% owner he is 60% owner, i got loans to start up and business would pay them back and i wold receive compensation for this, well loan still being paid but no comp. and he is still payin himself, also took a title loan on a company truck and paid himself. What should i do as don want to be involved because of the tax nightmare he is creating, and i would like to get my loan paid off quicker then the minimum payments. trucks were to be used as collateral for loans(agreement throug lawyer) but they arent worth loan payoff. Can i hold him personaly responsible since he is using business accoun for personal use.?

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