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Answered 2015-07-15 21:32:35

NOT unless hes crazy OR one of you has the TITLE in his/her name. This would be a sticky place to be in. Better dot the Is and cross the Ts

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In a business partnership can my business partner be held responsible for all the debts of the business?

That depends on the laws of the country in which the business is set up and if the company is private or limited liability. If private then the answer is likely to be yes because the partners will be jointly and severally liable for the debts, the creditors will come after all partners but will seek to recover their money from whichever partner they can.


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