Legal Question in Business Law in Indiana
If I never signed an agreement saying I am a partner in a small business and I have always filed a 1099 as a subcontractor...if one of the partners suddenly says everyone's an equal partner now (because the company's in debt) am I a partner? They want to give me a K-1 to file but I'm filing 1099-misc like I have the past 3 years. Just because we were all paid the same doesn't make us equal 'owners' of the company does it?
Asked on 4/13/10, 2:11 pm
1 Answer from Attorneys
I suggest that you contact a loacal attoreny for a consultation to discuss the origin of the relationship, the nature of the jobs, the nature of payments, etc.
Answered on 4/18/10, 7:06 pm
Related Questions & Answers
-
How do I change from a for profit small business to a not for profit small buisness? Asked 3/19/10, 12:41 pm in United States Indiana Business Law
-
I am part of a organization that has bylaws. In the bylaws it states that an... Asked 2/25/10, 6:53 am in United States Indiana Business Law
-
What legal recourse do we have in a case involving threatening phone messages,... Asked 2/24/10, 12:47 am in United States Indiana Business Law
-
Can I sue my mortgage company? My mortgage company has lost part of my mortgage... Asked 2/24/10, 12:20 am in United States Indiana Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
