How do I get rid of my business partner who stole?
my business partner and I own 50%shares each. He has been caught using the business credit card for personal use to the tune of 4k. The business (a coffee shop) has been running for 10 years. He is consistently late, put in zero money and is refusing to put back the money he took. Saying take it from holiday pay. Everything I have is in the business. At a loss of which way to go now.
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Sep 3, 2020
You should consult with an attorney who specifically practices business law. Have them review your partnership agreement and advise you on what your liabilities are in this scenario. You should also consult with an accountant, preferably not the one you both use for the business, since they may be obligated to share your concerns with your business partner. But start with the attorney (again, not the one you used to set up the business, as it would be a conflict for them to advise you independently). Good luck with your situation!