Legal Question in Criminal Law in Oregon

Inappropiate use if LLC funds

I am in business with a partner that has been using

money from the LLC bank account for his own personal

expenses that have nothing to do with the LLC. We

currently live in two different states, and I have not been

able to get in contact with him over the past 3 months to

discuss this. During that time he has spent more than

$3500 in company funds for his own personal

expenses. Currently the account is over drawn

because of this. The account has both of our names

on it and therefore I can�t do anything with out him being

there or approving it.

I am very frustrated with this situation and want to be

removed from the back account and the LLC. Are there

any legal steps I can take to get the money back and or

myself removed from the partnership?

Thanks


Asked on 9/19/03, 3:47 pm

1 Answer from Attorneys
Stephen Kozer Stephen J. Kozer, Attorney at Law P.S. Inc.

Re: Inappropiate use if LLC funds

You need to dissolve your LLC Seek a an attorney to do this properly . It will require notice to all of your creditors and clients and additionally you need to start a lawsuit against your partner for misappropriation of funds

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Answered on 9/19/03, 5:28 pm


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