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My business partner has put our business in jeopardy, what legal actions can i take?

1 Answers. Asked on Apr 14th, 2017 on Business Law - California
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After recently opening a retail store in our local community it has come to my attention that my business partner has a substantial amount of personal debt to multiple members of the same community, these people he owes money to are now coming into our store and creating an uncomfortable environment for our employees and customers. What legal actions can I take to dissolve this partnership?
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Answered on Apr 16th, 2017 at 10:58 PM

Unfortunately, if you are a general partnership, any partner can create unlimited liability for the partnership.  You will want to terminate the partnership and divide the business up equally, or one of you buy out the other.  As far as a lawsuit, there are a number of causes of action that you can take.  Contact an attorney for a full consultation.

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Business Law
Beginning on the day a new business is launched, it will encounter a host of legal issues. From selecting the optimal business structure to negotiating contracts, from ensuring that the company's name doesn't infringe on another business's intellectual property to hiring new employers--almost everything that small business owners do touches on some aspect of business law. As a company owner or manager, your focus should be on successfully running and building a business. A law firm that focuses on business law will have attorneys who have a broad cross-section of experience on the myriad legal issues that affect all businesses, large and small.
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