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lwpat, Attorney
Category: Business Law
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Experience:  Attorney with over 35 years of business experience.
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In CA, how does the law treat a partner in a business and joint

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In CA, how does the law treat a partner in a business and joint signer of checks that uses business funds for personal use without consulting the other partner? 16 times in two months with a maximum of $4,000.
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I am sorry to hear that your daughter is having this problem. First it is not a criminal offense. The party owns the business and is a signer on the checking account. A partner is entitled to withdraw funds as a "member's draw" and it is charged as a distribution to that partner and would be so reported on the business tax return. However, it appears that your daughter may want to reconsider being in business with this person and proceed to terminate the partnership since these issues usually only get worse. It is strictly a civil issue between the partners.
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