Illinois  |  Business Law

Legal Question

Asked on: 2/09/09, 10:48 pm

business liability part 2

Here is more information for the previous question nder the same subject.

The challange throughout the business was that it had no structure. It was not an LLC, there were no legal documents with both of our names and signatures agreeing to any type of division of responsiblities or liabilities. The only place that our names appear is on teh business cards and on the registration form for the county clerk. A notice was placed in the newspaper regarding the creation of the business. One big issue was that my ''partner'' claimed he got a liability policy, but never would produce a copy. I created the name and logo for the company, and I would like to keep using them. The business also uses my home address as the business address. I am just concerned about exposing myself to liability if he tries to preform work under the business name and damages something.

Thanks for the help.

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