Legal Question in Legal Ethics in California
I am one of 8 partners in a consulting/construction firm for 8 years. I am only 5% owner. I left employment and came back but remained partner while gone. Now that I am back, I am being sort of punished for leaving despite being partner. I receive none of the benefits of any of the other partners (i.e. company car for me & wife, bonus checks, credit card expenditures, not even a decent office). I have been excluded from all information and partner meetings. It is a pretty miserable place. Yet I am still on paper a partner and an employee. Our contract for partners basically is vote the person out at will but they haven't done that to me, I suspect because I have skills they don't, but need.
It is extremely frustrating to be a theoretical partner but excluded from all information as to what is going on with my own company.
Do I have any rights? The company has made a lot of money over the years and they have all received lots of benefits non of which I have access to.
1 Answer from Attorneys
The hallmark of a partnership is that partners share equally in losses, and profits. At the very least, you are entitled to an accounting. You have a right to share equally in the profits, although you may not have a right to also receive other items.
An attorney would have to review your partnership agreement, and any other relevant documents to provide a detailed response.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
