Missouri  |  Business Law

Legal Question

Asked on: 10/02/12, 6:49 am

In a business partnership with no partnership agreement not getting along. We are getting value appraisal from cpa I am leaving must I remain working in this bad situation until all is setteled

1 Answer

Answered on: 10/02/12, 11:06 am by Jonathan D. McDowell

You will need to monitor this situation. Unless you get a release from the other partner, any of the partners acts will bind you and vice versa. You should get a local business attorney to get you specific advice to the working relationship, the capital contribution arangement, and the profit/loss arangement.

If you do not keep working, you will need to formally resign for a dissolution of the partnership.

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