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Can I walk away from a beauty salon and take half of equipment?

Asked almost 3 years ago - Murrieta, CA

My business partner and I opened a salon 10 months. She is saying she owns more of it because she put more mony into it. But we have no positive income yet. Because of the economy the business is failing. I do not want to invest anymore money into something with the bad blood we have toward each other. Can I take half of the equipment and walk. I asked her to buy me out but she said no. Pleae help me?

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Attorney answers (1)

Joseph Briscoe Dane

Reputation Level 20

Answered almost 3 years ago. Criminal Defense Attorney in Orange, CA.

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I would strongly advise against doing that. The equipment belongs to the business, not a particular individual. If you were to take anything and walk away, you would be stealing from the company and subjecting yourself to possible criminal charges and civil liability.

I don't know how you organized your business (partnership, LLC, corporation, etc.), but you should contact a business law attorney about dissolving this business properly.

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