Legal Question in Business Law in New York

Re: Partnership Responsibilities

Oh, dear.

Does your partner's different working style have a bad effect on your business? Can you show that bad effect on your books? If so, have you talked with your partner to tell him/her the effect that this behavior is having on the business?

You're business PARTNERS. Neither of you is the other's employer. Therefore, you have no actual say over your partner's work habits unless there is something in your partnership agreement about hours to be worked, in which case you may have an action in contract against your partner.

If your partner's behavior is damaging the business, your business (not you personally) may also have an action for a breach of fiduciary duty to the business.

If you can't come to terms with your partner, the 50/50 stock split is going to be a HUGE problem. Talk with an attorney who practices business law in the state where the corporation is filed and has its principal place of business (I note that two states are listed in your question's footer; if the corp. is filed in one state and the principal place of business is in another, you'll need a lawyer in both those states).

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