I Am Afraid of My Business Partner
When one partner becomes totally beligerant and refuses to communicate, it is important to protect the other partner. These situations get pretty close to needing an attorney which can get very expensive.
When one partner becomes totally beligerant and refuses to communicate, it is important to protect the other partner. These situations get pretty close to needing an attorney which can get very expensive.
If you are in a business partnership, call your bank and find out if you have a joint account. If you are “on” the account but it’s not a joint account, change it.
The answer is YES under certain circumstances. If there are two equal partners in the LLC and one of them wants out, dissolving the LLC is an option.
No matter how small the amount, taking money without talking without mentioning it is serious because it breaks trust.
Is it legal for your partner to lock you out of your business? Maybe. But, even if legally possible, they had better have a very good reason or things could go very wrong for them.