Legal Question in Business Law in California
Desparate! Dissolution of Parnership
I am involved in a 50/50 partnership that has gone very sour. My partner’s inability to manage his finances resulting in his debiting more than his share of money from our account on a consistent basis has forced me to come to this decision.
I have financed the business in all aspects: db filing, advertising, bank accounts - essentially every penny that was used to create the business came from my pocket. I have been attempting to contact him over the past two weeks without answer from him. I firmly believe that he suspects I want to end the partnership and thus, refuses to return my calls. I know I need something with his signature dissolving the partnership, however, given that he wont return my calls, I don't see an easy way of getting it. There are no assets or money to be divided. At this point, there is only debt. I am even willing to absorb it if he will just walk away.
So here is my question:
Is there a way I can sever this relationship without an actual partnership dissolution agreement given his lack of communication? Perhaps a ''Cease and Desist'' keeping him from conducting business under the company name.
I know that I can come out of this, even with the debt, if I can continue without him.
Thank you.
1 Answer from Attorneys
Re: Desparate! Dissolution of Parnership
You must file a Dissolution action in Superior Court and ask for an injunction to prohibit him from the dmaging activities. 18 years exp. Call me directly at 1.619.222.3504 or e-mail me at the address below.
Related Questions & Answers
-
What is required in terms of recordkeeping? I am a Canadian lawyer researching... Asked 2/07/07, 5:11 pm in United States California Business Law
-
Vexatious Litigant is Out of Control, HELP! I have a case where I have been... Asked 2/06/07, 10:29 am in United States California Business Law