Legal Question in Business Law in Ohio
I have a partnership with my sister. S corp. She has used business fund for personal expenses, like a roof for her house, gasoline, and other things. Is there any legal recourse for that? I want to buy her out, but after a year of an outside manager, she and he decided that I would not be allowed to do that... how would I go about forcing that issue?
1 Answer from Attorneys
Dear Disillusioned Partner: You may be required to bring suit in a partition action and for a complete accounting, to which you are entitled, as a matter of law.
A partition action requires setting forth definitive proof of the unlawful or improper use of business funds for personal use, constituting a ccivil and criminal conversion.
Consult and retain an experienced Attorney ASAP. Good luck!
Sincerely, J. Norman Stark
Related Questions & Answers
-
I am franchisee and in my franchise agreement says i have to pay 4 1/2 % advertiment... Asked 1/03/10, 10:38 pm in United States Ohio Business Law
-
I have just found out I've had carbon monoxide in my apartment my land lord has... Asked 12/24/09, 5:42 pm in United States Ohio Business Law
-
I want to load money to a friend to purchase a house. What should I make him sign... Asked 12/01/09, 6:07 pm in United States Ohio Business Law
-
I bought a house with a friend, now we cant get along. I want to disolve the... Asked 11/23/09, 7:10 pm in United States Ohio Business Law
-
I am an independent sales consultant (file as 1099), for a software firm and part of... Asked 11/09/09, 5:54 pm in United States Ohio Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
