Q: Can my business partner take everything we had because I wasnt on the LLC?
My business partner and I started a restaurant from the ground up. We raised the money on kickstarter and this was my first venture as a business owner. She had many other businesses. When we went to get the business license she told me that I coudnt be on it cause I had bad credit. We have made it on tv, newspaper and all over the internet which she clearly states Im her business partner and then she just took everything sold it and I dont have a penny to my name. She wouldnt even give me my last paycheck. I was also the chef there and right before I left I made People Magazine. Is there anything I could do. We have suffered so much even had to take therapy.
A: Not being a member of the LLC is a disadvantage. But it sounds like you may have sufficient proof to establish that you were a partner in this business and, if so, you may be entitled to your share of any net sales proceeds after payment of the bills of the business. I recommend consulting with an attorney and asking your lawyer to review the facts to determine if you have good evidence that you were a partner. If so, your lawyer will be able to advise you as to your legal rights and best options.
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