Legal Question in Business Law in Texas
Can a business be held to act in the future, as it acted in the past. This regards a partnership. WE had a 50/50 partnership and he brought in another person and cut me out without telling me. It was not a written agreement. The withholding of my proceeds started in September and the partnership ended in November. I continued to act as a 50/50 partner by managing the projects. I think he is bound to split all proceeds 50/50 with me until the partnership ended.
1 Answer from Attorneys
Based on what you have written, there are a few questions which would require answers to before any clear suggestion could be provided to you. First, when did you and your partner begin doing business? Second, what type of business did you and your partner do? Third, did you and your partner file the appropriate tax documents jointly? Fourth, how is the business organized (e.g., dbd, llc, inc.)? Fifth, how many employees did the business have other than you and your partner? These are just some of the questions which require answers. You should consider consulting with a local law firm to ensure that your rights and interests are protected. You may contact us by calling (281) 994-4034 to arrange an initial meeting or visit the firm's website at http://www.thebrashearlawfirm.com for more information.
The above response given is not intended to create, nor does it create an on-going duty to respond to questions. Additionally, the response does not form an attorney-client relationship, nor is it intended to be anything other than an educated opinion. It should not be relied upon as legal advice. The response given is based upon the limited facts provided by the person asking the question. To the extent additional or different facts exist, the response might possibly change.
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