Law & Legal Issues

Do you have any recourse when your partner spends money out of your business funds?

123

Top Answer
User Avatar
Wiki User
Answered
2009-05-12 22:34:01
2009-05-12 22:34:01

you can charge your partner with Fraud or Theft

001
๐ŸŽƒ
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Related Questions


limited. Actually LTD means that a company has a limited partner. A limited partner contributes funds but does not have management input nor financial risk beyond his or her investment.


who funds this program


File a lawsuit against the executor for not following the law.



Whoever he borrowed the money from can sue him. If he borrowed funds from the business then the buriness sues him. If it was you, then, yes you can sue him.


why small business firms could not easily source for needed funds


A partner in a hedge fund is an investor. Usually the hedge funds are limited partner legal entities. The investors are the limited partners and the investment manager is the general partner.


There are several methods for transferring funds to a foreign partner from Europe to an Asian country. You can initiate a funds transfer using outlets such as Western Union or Money Gram. Alternatively, you can also wire transfer money direct into a bank account.


Business funds refer to the liquid assets held by a business at a given time. These can include items such as cash, marketable securities and credit lines, to name a few.


A qualified endorsement is a check endorsement that includes text that states you shouldn't be responsible if its funds are insufficient. The text will usually be a phrase such as no recourse.


MFS Funds is one of the oldest global asset and investment companies in America. In business, MFS Investment Management is known for pioneering the mutual fund.


When your business has been pre-qualified from your licensed cash advance lender, you can get your funds within 24 to 72 hours.


The problems of small business are, insufficient funds, illiteracy


A sole trader is one type of business organization. Or I would say a sole trader is among the many types of organization that exist in a business environment. If you are a sole trader, it means that you own the business, and any profits from the business belongs to you. It's important to know that there are other types of business organizations like partnership or limited companies. A partnership is where you and another partner owns the business. ( it may not necessarily be 50% each, it depends on the agreement of each partner ). Limited companies on the other hand, are companies that can offer shares to raise capital. Although this is complicated, you need to understand that while sole trader can earn all the profits, it will face difficulties in raising funds for expansion, that's the reason limited companies are formed, they can raise funds from the public.


The advantage of a general partnership in business is that an individual does not have to indicate profits and loss on a personal income tax return by themselves; each partner has to indicate these profits and losses. General partnerships are and easy way to start a business, and there is an increased ability to qualify for loans and raise funds.


No. No state deducts unemployment funds from employee's paychecks. Payroll taxes paid to the state by the business funds unemployment benefits.


The SBA does not give "grants." The SBA works with small business and lenders to partner eligible candidates with appropriate lenders. The federal government does not give "grants" for small business. In free enterprise, the business owner is expected to shoulder the risk and invest personal funds as a demonstration of confidence in the endeavor.


No, the GI Bill funds your education.



Deficit financing is a state in which the government spends more money than it receives. This results to borrowing of funds to cover the difference.


electronic manipulation of business funds so as to deposit them into personal or other third-party accounts. Once the rerouted business funds are deposited into such an account, the employee may withdraw them and spend them at will.


Investors provides the funds (business capital) which the company uses to operate. With no investors there is no business.


Financial aspect of a business refers to the amount of funds or money available in the business. The financial aspect of any business is quite pivotal to its success.


The financial function of the business gives a chance to "look before you leat". Discuss ways in which small business in Uganda can obtain funds for their activities?


One will have to set aside funds for several different things during a business trip to Mexico. One will require funds for their trip to and from their destination, a hotel room, and food.



Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.