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I have a 50-50 partnership in a start up business.I invested
I have a 50-50 partnership in a start up business.I invested 79000 and the my partner invested 19000.00 my partner did not have finances so he agreed to return money invested by me for his 50% share. … read more
John Melis
John Melis
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I purchased a business with another person for $250,000 in
Dear Sir/Madam, I purchased a business with another person for $250,000 in Jan, 2015. We both contributed $125,000 each. During the course of business in July, 2015 i was employed by the business and … read more
Leon
Leon
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Master's Degree
28,101 satisfied customers
I would like to ask whether or not there are any way to
HI. I would like to ask whether or not there are any way to proceed with a business sale where one out of four partners are sabotaging the running of the business and refuses to neither buy/sell the b… read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
How do i make an application to the court to have a partnership
How do i make an application to the court to have a partnership dissolved aand recover assets from the business that have been held by the other partner. Approximate valu is $160000 . The last years f… read more
Leon
Leon
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Master's Degree
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Leon, Another question: What is required if one partner
Hi Leon, Another question: What is required if one partner wishes to withdraw from a Family Partnership----Affadavit, agreement etc? This Family Partnership is used for providing plumbing services by … read more
Leon
Leon
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Master's Degree
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My partner and Myself signed a partnership contract on sept
My partner and Myself signed a partnership contract on sept 2014. The business started mid January 2015. It is a small online shop where we sell knitting and crochet kits. My partner wants me to buy h… read more
Leon
Leon
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Master's Degree
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I have a Kokoda trekking company and my business partner has hurt his leg and wants out. U
I have a Kokoda trekking company and my business partner has hurt his leg and wants out. Unfortunately he wants an unreasonable price for his share of the business. It would be cheaper for me if the b… read more
James D. Ford
James D. Ford
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Hi Richard, I have a friend who is a freelancer in India and
Hi Richard, I have a friend who is a freelancer in India and got into an informal partnership with a lawyer/salesman based in Australia. He put money into building a business where the guy in Sydney w… read more
Leon
Leon
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Master's Degree
28,101 satisfied customers
I have run a real estate office for the past 7 years with my
I have run a real estate office for the past 7 years with my mother as a silent partner. We do not have a partnership agreement written but she has received all benefits including 50% profits/loss. Th… read more
James D. Ford
James D. Ford
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Can I buy out a partner in an ordinary partnership, or does
Can I buy out a partner in an ordinary partnership, or does the partnership need to be dissolved and another partnership formed? This is NOT a limited partnership.… read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
I need to dissolve a UK civil partnership. My ex and I entered
I need to dissolve a UK civil partnership. My ex and I entered into the partnership at the British Consulate in Melbourne back in 2006. We split in January 2008 and I moved from Melbourne to Sydney in… read more
Brisbane-Lawyer
Brisbane-Lawyer
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Master
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Hi I am in a business partnership that I need to get out
Hi I am in a business partnership that I need to get out of as my partner is taking funds for personal use and not working on the business at all. It goes so much further than that and Im just about a… read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
My business partner has threatened receivership on our retail
My business partner has threatened receivership on our retail shop. It is 60% her and 40% me partnership. She owes the business $760 to even out our expenses contribution but is now refusing to put an… read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
With a verbal contract if one partner retires must the other
With a verbal contract if one partner retires must the other partner accept the person nominated by the retiring partner. In our situation we have nominated our son who has worked in the business for … read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
I am in business with two others in a company, with each of
I am in business with two others in a company, with each of us being Directors with one equal share. The company is worth approx $100K. I and one of the other Directors are unhappy with third partner.… read more
Brisbane-Lawyer
Brisbane-Lawyer
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Master
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Hi. A Partnership/Partner liability question. in the below
Hi. A Partnership/Partner liability question. in the below clause, does this mean that A) if the PARTNER KNOWS and then exceeds their authority, the partnership will not be not liable OR b) that if th… read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers
We are in a 3 way partnership which has been trading insolvently.
We are in a 3 way partnership which has been trading insolvently. The landlord closed the doors on us last week becasue we were in arrears with the rent. we've seen a liquidator who advised us that we… read more
D. Coleman
D. Coleman
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Bachelor's Degree
795 satisfied customers
am a partner/director of small engineering firm and am thinking
am a partner/director of small engineering firm and am thinking of leaving as i am unhappy with the business what are my entitlements if i leave .… read more
Leon
Leon
Solicitor
Master's Degree
28,101 satisfied customers

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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