Legal Question in Business Law in New York

I satarted a new business in 2004 with a friend/partner. The first two years were ok because he owned the building and took a hit on the rent while I worked the hours in the store. Two years later he sold the building and I continued to work all the hours and paid all of the bills by not taking a paycheck. He never put one minute into the place and we were 50/50 partners. My question is can I go after him for half of the bills that I paid by not taking a paycheck for the final two years we were in business? We had an agreement that when we sell the business I would be compensated for Running the business. Well the sale only gave us enough to pay for remaining bills we had. That still leaves me paying for about $50,000 in Rent, Electric, Phone and other misc. I believe he is responsible for half of the expenses. The business is in NY. Any advice you can give me would be great. Thank you for your time.


Asked on 2/15/10, 10:07 am

1 Answer from Attorneys
Michael Markowitz Michael A. Markowitz, PC

You are right in terms of your friend being responsible for payment of 1/2 expenses that you are personally responsible for. However, you are out of luck concerning your salary.

Mike.

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Answered on 2/21/10, 10:36 am


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