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lwpat, Attorney
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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.
Submitted: 12 months ago.
Category: Business Law
Expert:  lwpat replied 12 months ago.
Thanks for using JA. I will do my best to answer your questions. DON’T FORGET the your deposit is not used to compensate me until you rate my service.

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.
lwpat, Attorney
Category: Business Law
Satisfied Customers: 25384
Experience: Attorney with over 35 years of business experience.
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