Legal Question in Business Law in Florida

Dissolving a business

I started a business with a gentleman, he invested no money upfront. He has developed a website and sold enough product to cover all of his expenses and make a little extra money. I want out of the business and now he claims he can sue me for this and that. There is no documentation between us, only verbal commitments. I have not made a penny from this venture, he is running the sales through another bank account and not the company one, how can I be sued when he has pocketed the money and I have not seen a cent?


Asked on 8/27/07, 12:42 pm

2 Answers from Attorneys
Johm Smith tom's

Re: Dissolving a business

You have a basis for suing the other person for stealing money from your company, and he is probably trying to scare you out so you don't sue him.

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Answered on 8/27/07, 4:38 pm
Scott R. Jay Law Offices of Scott R. Jay

Re: Dissolving a business

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

Anyone can sue anyone. The real question is whether he can win anything in court. Threats of litigation are often a method for someone to bluff their way through problems. You should review this matter with a local attorney who can advise you of your legal rights and obligations.

Scott R. Jay, Esq.

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Answered on 8/27/07, 10:01 pm


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