Legal Question in Business Law in California

Re: dissloving a business partnership

Seems that you should countersue or agree to dissolve the partnership and claim assets. Contact me directly. 19 years experience.

Re: dissloving a business partnership

She is probably trying to dissolve the partnership. In a dissolution proceeding the assets and liabilities are allocated to each partner and the partnership dissolved. I am not sure about a "guarantee" of $18,000.00 per year as you speak of without reviewing the documents and speaking with you about the case. Typically a partner in a partnership takes the good with the bad and there is not any "guarantee" of a return. If the company made money then you get a piece of it. If the company lost money then you pay a piece of that. However, if you loaned money to the partnership and had an agreement for a specific rate of return then that is a different story and perhaps you could be "guaranteed" a specific return. Please contact my office and ask for me should you need further assistance.

Re: dissloving a business partnership

I am sorry to hear the about your business experience.

Be careful not to purposely avoid service, as you may be liable for the fees involved in trying to have you served. I would be willing to discuss some of the issues concerning your case to see how I may be of assistance.

I offer prospective clients an initial consultation of 30 minutes for free.

I look forward to speaking with you.

Yours truly,

Bryan

Bryan C. Becker, Esq.

Principal

Law Office of Bryan C. Becker

The Koll Center

501 W. Broadway, Suite 800

San Diego, CA 92101

Toll Free: 877*201*8728

Direct: 619*400*4929

Fax: 619*400*4810

Member, National Association of Consumer Advocates

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Re: dissloving a business partnership

She is likely suing you for dissolution of the partnership. In a dissolution, the assets and liabilities are allocated among the partners in a particular fashion. You may be able to resolve the lawsuit via agreement and without spending tons of money in legal fees. Feel free to contact us for further details.