Wendell, NC asked in Banking, Business Formation, Business Law and Civil Litigation for North Carolina

Q: Business partner locked me out of all company-related accounts. Both are 50% owners. What can I do? Details below.

My business partner got power-hungry and locked me out of my company email and quickbooks account as well as the bank account. She has contacted customers and told them to cease further communication with me. What can I do legally? I am 50% shareholder and a company officer.

State: NC

Business type: S-corp

Partner owns 50% and I own 50%

I decided that I would offer to sell her my shares of the company in an effort to keep things civil, she declined. Then I requested the bank statements in an effort to sell my shares to someone else (potentially a competing company) but she would not give me access to any documentation so no sales could be finalized.

Fun stuff, right? Does anybody know what I could do in this situation?

1 Lawyer Answer
Tim Akpinar
Tim Akpinar
Answered

A: A North Carolina attorney could advise best, but you await a response for two weeks. Your post could be a little bit difficult to respond to. Unlike many of the basic general legal questions that are posted here, your matter appears complex in nature. To give you any kind of meaningful guidance, an attorney would probably want to speak with you and review your matter in greater detail. They would probably want to see agreements and communications. They might need to see tax records and banking records. One option is to consider reaching out to attorneys in your area to ask about the cost of a brief initial consult. Good luck

Tim Akpinar

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