Legal Question in Business Law in Tennessee

Unofficial partnership, rights to assets

If an unmarried couple have owned a

business for 9 nine years (4 years in

FL and 5 years in TN) while living

and working together and everything

except the business phone is in his

name, by law, is she entitled to a

percentage of the assets if they split?

If so, approximately how much?

Would a court case be feasible to get

a reasonable portion of assets or

restitution?


Asked on 7/29/08, 12:40 am

1 Answer from Attorneys
Anthony Bradley The Bradley Law Firm, PLLC

Re: Unofficial partnership, rights to assets

If the assets are in his name, then it appears that he owns the business. However, she may file a lawsuit on a verbal partnership basis and could have a valid claim to an interest in the business.

She will nee to file a lawsuit to recover.

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Answered on 8/03/08, 10:04 am


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