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WA Business partner fallout

Discussion in 'Commercial Law Forum' started by Hoang Trang, 3 December 2017.

  1. Rod

    Rod Well-Known Member

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    Firstly, whatever evidence proves you were 50/50 partners.
    Secondly Evidence showing he kicked you out and that you didn't voluntarily leave.
    All with dates.

    Hard to second guess someone when I know so little. Some possible avenues come to mind.
    1. You voluntarily left
    2. You sold it for nominal value to him
    3. You were mismanaging the business
    4. You were never partners to begin with
    5. You gifted it to him
    6. Other

     
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  2. DMQC

    DMQC Well-Known Member

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    If I were in your position, I would do the following:

    1. Give the other partner written notice of my intention to leave the Partnership
    2. Request the assets of the Partnership be sold or distributed accordingly.
    3. If the other Partner will not play ball, apply to the Court pursuant to the Partnership Act (differs form state to state) to have the Partnership wound-up and an administrator appointed. The administrator will then wind up the Partnership and distribute the assets accordingly.
    Hope that helps

    DM
     
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