Legal Question in Business Law in Florida
Remove self from business
Here's my situation. Just last month
(May 2007) I decided to go into a
lawn care business with another guy.
We filed a fictitous name and have
the business listed under both our
names with the tax collector
(business license). That's it, legally
speaking. We never signed any
contracts or went to any lawyers, we
just did the basics to get started and
planned on splitting all profits,
though we never had any to split. In
less than a month went sour. I no
longer want to run a business with
him. He rufuses to sign any papers
to dissolve the business, he will not
even let me ''sell'' it to him for
$1.00. He is purposely being difficult
to ''get at me''. How do i get out of
this business legally so that i am not
legally resposible for it in any way. I
am very concerned with my credit
and financial future and fear this guy
will try to screw me over. Thanks in
advance for any advice.
3 Answers from Attorneys
Re: Remove self from business
NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.
If you never signed any agreements, then you will have no responsibility for any contracts he might enter into. You should send the former partner formal notice that you will no longer be associated with him or the venture you undertook with him. You should notify all of your customers that you no longer work with the other party. In an exercise of extreme caution, you can publish an announcement in a newspaper of common circulation announcing that you will not be responsible for any debts he may incur or that the former partnership might incur.
Scott R. Jay, Esq.
Re: Remove self from business
Send him formal notice of your withdrawal from the partnership. Also, withdraw your name from the licensing and dba. Also notify those you have contact with that you are no longer with the business - this should also be done in writing.
Re: Remove self from business
Go back to where you did the filings and they'll tell you how to remove yourself. Also let all your customers know that you are no longer in business with him.
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