Q: Hello, Is my sister entitled to all money from a failed joint business venture?
My sister started a business w/her sister but couple months later got upset because it became overwhelming for her, requested to be released from the business, &wants all her money bk.
A: A Texas attorney could advise best, but your question remains open for three weeks. It could depend on the terms of the business venture (agreements between the parties) and their conduct. This is a fact-intensive matter. There is no universal cookie-cutter answer. An attorney would need to see how the business venture was formed, review the rights and obligations between the parties, and examine how each party acted. That might be why your question isn't easy to offer a quick answer to. My guess is that if you reach out to Texas attorneys, they are probably going to tell you that a consult is necessary to review things. Good luck
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