Asked in Business Law for Illinois

Q: My current wife and I started a business 13 years ago and it grew real well. Now I have no control over anything

About 1 year ago couple things happened and I made a bad panic decision. I own up to it and this year I kick but trying to reverse the damages. In doing so we or should insaybi was told that if I sign 51% of the business over to her we would get a big tax break cause she would be a minority business owner so I thought great and so I signed over 51% of my 100 shares. Next where the bank accounts all n her name. I told her I'd like bi weekly reports of where money's going and how much we have n the account. Never happened till recently . Now she sent me screen shots of all accounts in the negative. I found a way to b able to log in but not through the bank but quickbooks. So I see same accounts same numbers only difference is mine are all showing positive while hers are showing negative which leads me to believe the bank is helping her cause they wont look or talk to me. Ive asked for all original documents from them both and they play dumb and won't let me see them. There's a ton more..

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1 Lawyer Answer

A: This is really concerning. Normally, the business accounts should be separate from your personal accounts. So it would be great to clarify with you how many accounts they are and why there are so many for the business.

If your name is associated with the accounts for the business then you should have access to it.

I really think you will need to have a case review and consultation with a business attorney.

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