Legal Question in Business Law in Texas
business partners
i invested in a popular pizza cain store. i am co signer with the loan.i am to recieve 4%of gross sales no later than 30 days after the month.i have to constantly call and complain to recieve money.now he is 2 months behind and not paying.what are my option?is ther any crimminal wrong doing here ?if i can just sue to get my money,that gets expencive for me and what keeps him from doing it again?I have a small farm and have ALS [LOU GERHIGS ] i saved for years so my family will have something when im gone. oh.yes the pizza place is booming.it does between 20,000 to 25,000 a week ..please help..
2 Answers from Attorneys
Re: business partners
You could sue for a temporary restraining order, breach of fiduciary duty, charging order and appointment of master and attorneys fees. Might cost you a little money to start with but you should get it back when he starts paying you and his share to a master. Good Luck.
Re: business partners
Mr. Grissom is on point as usual. This kind of litigation is one of the rare types that is definitely worth it.
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