Legal Question in Business Law in Texas

me and a partner started a general partnership. over the course of 4 months I invested $14000 of my personal cash and him less than $3000 during which I also provided one of my personal vehicles for him as well as a place to live. after the 4 months we had made a total profit of around $700, then he got a warrant for his arrest for failure to appear/bond jumping. instead of turning himself in he stole the truck I had allowed him to drive and ran. I allowed him 5 days to return to me the vehicle during which I told him several times to return it, after the fifth day I was forced to file a stolen vehicle report with the police they picked him up 1 week later 45min away from home. now a week and a half after his arrest his wife which he was separated from during our business venture has constantly been harassing me saying she has power of attorney and that she wants to sue. when I spoke with my business partner he told me that he had not yet given her power of attorney but may have to and today I received a text message that she has an attorney and plans to sue. what do I do? can she legally sue me? and am I able to sell the items I purchased for the business that are in my name?


Asked on 6/04/13, 10:20 am

1 Answer from Attorneys
Steven Frankoff Law Offices of Steven Frankoff

A general partnership is a very dangerous business structure. Each partner can be liable for the activities of the partners. Yes, a partnership ownership may be changed, but usually the other partners have to agree. I would be careful.

Beyond this I cannot go without more specific information, and a legal evaluation. I strongly urge you to find counsel, me or some one else.

This is NOT an agreement to represent you, or an offer of legal advice, but rather just a summary on generalized legal principles. If you want to explore these issues further, you may contact me at [email protected]. My charge for an initial evaluation of your situation would be $300.00

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Answered on 6/05/14, 6:20 pm


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