Legal Question in Business Law in Ohio

I have a partnership with my sister. S corp. She has used business fund for personal expenses, like a roof for her house, gasoline, and other things. Is there any legal recourse for that? I want to buy her out, but after a year of an outside manager, she and he decided that I would not be allowed to do that... how would I go about forcing that issue?


Asked on 1/10/10, 11:09 am

1 Answer from Attorneys

J. Norman Stark J. Norman Stark , Attorney, Architect

Dear Disillusioned Partner: You may be required to bring suit in a partition action and for a complete accounting, to which you are entitled, as a matter of law.

A partition action requires setting forth definitive proof of the unlawful or improper use of business funds for personal use, constituting a ccivil and criminal conversion.

Consult and retain an experienced Attorney ASAP. Good luck!

Sincerely, J. Norman Stark

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Answered on 1/15/10, 12:01 pm


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