Legal Question in Business Law in Pennsylvania

family partnerships

I had an idea to start a business with my father. I did 100 % of the work and he put up some of his other business' as collateral. He tries to tell me that the business is his and I have no right to it. What are my legal rights as an owner? How much of the business do I legally own?


Asked on 1/29/05, 3:21 pm

2 Answers from Attorneys
Mark Johns Mark Johns, Esquire

Re: family partnerships

The question is did the two of you have a meeting of the minds to form the business. If so and no written agreement says differently you should be a 1/2 owner of the business. I offer free consultations.

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Answered on 1/29/05, 5:00 pm
Marc V. Taiani AAAL - Allegheny Attorneys At Law

Re: family partnerships

Did you ever enter into a written contract with your father? If so the contract would govern your rights and responsibilities, if not you would need to provide alternative proof of your colaberation in the creation and development of the business. I would recommend retaining an attorney to protect your interests at your earliest convenience.

My office also offers flat rate pricing and free consultations, for additional information please visit my firm's website at www.AlleghenyAttorneys.com or by calling my office at 412.731.0865.

Sincerely,

Marc V. Taiani, Esquire

AAAL - Allegheny Attorneys At Law

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Answered on 1/29/05, 5:53 pm


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