I went into partnership
with a guy from the UK, who owns a strip mall. He basically wanted me to open a convenience store, he would fund it and if all went well have 50% of profits.
He used his accountant. He didn't put anything in his name because he was in UK.
So bank account, Lotto, All business
licences etc are in my name as is the lease.
Hi accountant knows that he funded it and just didn't put his name to things.
It was agreed I would take out $600 a week as a wage
Thing is the business hasn't been doing great and was robbed 6months ago of approx. 4500k, which included some 4k of lotto money.
Since then I have been struggling .
Anyway, If we close and have money outstanding to Lotto and sales tax. will I be liable or can I make him pay
Bearing in mind that he has the money wheareas im struggling to live right now?
Or will it be all down to me, is there anything I can do?