Legal Question in Business Law in Texas

Business Law

I started a business a few years ago with a lawyer guy I know. I used him for the finacial part. Neither on of us had the credit to get the retailers license so we used his mother-in-law as a front to get the company. She then sold the company to us but not reallly because it was never hers. He drew up an agreement stating this. We recently went incorporated and we have an agreement that we are supposed to be equal shareholders. We have a partnership agreement as well as a bill of sale from her for the sole propriotership. I now feel like something is wrong and that I have been misled because I don't know the law. I had no attorney present at the times I signed these agreements. Is this legal. Can he manipulate our agreement as we go along or is there even really an agreement to breech? Can he legally represent me and himself at the same time. I am in hell and I feel like I am trapped because I am ignorant of the law.


Asked on 4/19/07, 12:15 am

2 Answers from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Business Law

He has a conflict of interest by trying to represent you and look after his business interests. Get copies of the documents and engage a lawyer to look them over and explain where you are. You need your own counsel and not rely upon your business associate.

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Answered on 4/19/07, 12:34 pm
Johm Smith tom's

Re: Business Law

He should not be trying to represent you; you should have your own attorney go over the contracts, quietly to avoid unnecessary trouble. So get copies and get an attorney to go over them. I can review the documents and let you know what they do for you. But it would be cheaper for a local attorney to handle any litigation.

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Answered on 4/19/07, 10:24 am


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