Legal Question in Business Law in Pennsylvania
Business partnership turned ugly
Can I remove my property from a failing business without my partners knowledge and not face criminal charges?
2 Answers from Attorneys
Re: Business partnership turned ugly
In theory, yes. In practice, no, don't remove anything without your partners' knowledge.
Generally, partners are entitled to retrieve property that has remained in their personal ownership, but not entitled to seize, unilaterally, assets that are owned by the partnership (because such assets are owned by all the partners together).
You might think it is crystal clear that whatever you're talking about is "your" property, but if you are wrong, you may in fact end up facing criminal charges as well as a civil lawsuit.
I strongly advise you speak with an attorney who can review all of partnership material and make an assessment about the status of the property in question.
Re: Business partnership turned ugly
What does your partnership agreement say? Is this property that you have both paid for, or that you have paid for by yourself? You question makes me think that there may be more going on here than meets the eye. You should seek professional help on this with an attorney who can interview you in private before you take any action or remove any property.
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