Legal Question in Business Law in Georgia

if i go in business with someone and they quite 6 months into the business do they have a right to what they put into it?, and we signed no kind of partnership papers.


Asked on 6/03/10, 4:36 pm

2 Answers from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

One never should start a business without seeing a lawyer (and a CPA). You could have, for a few hundred dollars, avoided this mess.

You now have what can be an expensive problem. You need a lawyer IMMEDIATELY. The lawyer may or may not be able to fix the mess and your business may suffer as well. You will pay a lot more than you would have if you had done things right. But you now have no choice. What he can get may end up being decided by a judge.

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Answered on 6/03/10, 7:43 pm
Kevin B. Murphy Franchise Foundations, APC

The other attorney is right on point. Never go into a partnership without (1) thinking everything through (what happens if-type questions) and (2) having an attorney draft a partnership agreement. Now, you have a mess on your hands. Consult with an attorney in your area for specifics.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

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Answered on 6/04/10, 6:29 am


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