Greenville, NC asked in Business Law for North Carolina

Q: I own a small sole-proprietor business. I allowed my daughter to be a signatory on the account because she is a CPA.

This week she went to the bank and embezzled all the money in the account. What recourse do I have?

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1 Lawyer Answer
Jake Andrew Snider
Jake Andrew Snider
Answered
  • Asheville, NC
  • Licensed in North Carolina

A: Against the bank, it's doubtful you'll have any recourse. I've reviewed checking account contracts before, and they are massive and buttoned up tight! Still, it cannot hurt to have a commercial attorney provide direct service to you and weigh in.

Against your daughter, you probably have a solid lawsuit against her for several claims and damages. To learn more about how to pursue her--and whether it's worth it to do so--you should consult with a civil litigation lawyer as soon as possible.

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