Legal Question in Business Law in Florida
Partner issues
If I, as the president of a FL. based S-Corp, remove the bulk of the company funds from our bank account and place it in another company bank account to prevent another officer of the Corp. from removing it for personal use, am I guilty of anything?
Asked on 11/10/08, 6:12 pm
1 Answer from Attorneys
Brent Rose
The Orsini & Rose Law Firm
Re: Partner issues
Maybe. You're not guilty of a crime, but you may have breached a fiduciary responsibility to the company. You should probably sit down with a corporate attorney immediately.
Answered on 11/10/08, 11:14 pm
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