Legal Question in Business Law in Georgia
Suing a partner
My partner and I are 40/60 business owners with 60% my share. We invested in a rental property. I have spent over $20,000 on this property and my partner nothing. Can I sue for the 40%?
1 Answer from Attorneys
Re: Suing a partner
If your partner is violating some kind of partnership agreement or his/her fiduciary duty to you or the company/partnership, you certainly may sue for your damages sustained. With regard to obtaining your partner's 40%, you cannot force him to sell or otherwise transfer it to you. Courts will more likely order the dissolution of the company/partnership and you can start over as 100% owner.
If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.
The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.
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