Legal Question in Business Law in Tennessee
my husband went into business with someone in Dec 2010 and we fronted all the money. They put in no money and as of yet we have not taken any money home, however we got the bank statement today and were surprised to find that they are using the debit card for personal use.When confronted they simply shrug off the subject. What should we do?
1 Answer from Attorneys
As a Franchise Attorney I can say the time to be asking for legal advice was before you put the money in. What kind of business is it; corporation, LLC, partnership? Without examining all the underlying documents, it's not possible to even begin to answer your question. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
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