Is it a partnership or a limited liability company? Do you have a partnership agreement/articles of organization? What does the other "partner" stated about the misconduct? What does the articles state about removing and suing a partner?
You should discuss the matter with the other partner, take the articles or other organization documents to a corporate attorney to determine what to do next.
If you don't already have an attorney in mind, I am available to discuss the matter with you in my Roswell office.
300 Colonial Center Parkway
Roswell, GA 30076
You have not asked a question. You have specific issues which need to be addressed specifically with an attorney and not a general information website. It does appear that you do need the assistance of a good business legal advisor and to terminate your involvement with your troublesome partner if possible, get your business arrangement with your remaining co-owners in writing and establish some good business practices regarding control of accounts, spending and reimbursements. There may be some statutory remedies but I suspect that some practical steps would be most cost effective. If I can be of any assistance, please contact me. Good luck.
Disclosure: This answer and any information contained in this answer is not intended to be treated as legal advice. It is for informational purposes to educate about legal issues. You should contact an attorney for specific legal advice for your situation. Specific legal advice based on full knowledge of your specific situation and all facts may differ from general information. This posting does not create an attorney-client relationship or privilege of any kind. This attorney actively licensed only in the State of Georgia. If this is a Georgia matter, you may of course contact me to discuss possible representation. FEEDBACK: Both AVVO and other readers are interested in your feedback on the quality of the answers. Please check the â€œthumbs upâ€ symbol if you find an answer helpful.
The BIG problem here is that you have no written agreement in place with your 'partners."
You have no choice but to hire counsel ... skilled business attorney ... to advise you and the company. I am comfortable thinking that your interest is in line with that of the company ... at least under the facts you state. Seems as though one 'partner' is stealing.
Regrettably, without a written document, you are going to have very tough sledding on this, friend. You surely cannot do it alone.
All comments on this site are 'in the cloud' and do not form an attorney-client relationship of any kind. Just consider them ideas for discussion. J
Youve already got your gold-plated answer: See an attorney. But just so you aren't needlessly obsessing in the meanwhile, you should know that just because you don't have a written agreement doesn't mean you're entirely in irons.
Obviously it would be better (far, far better) if you had some sort of written operating agreement. On your facts, we don't even know if you've filed a company!
The good news is that most states have default laws that kick in at times like this. If you never filed for a company and never signed anything, you probably have a default partnership under state law.
So long as you've got evidence on the wrong-doings of the partner, I think a good Georgia attorney will see you clear on top of this thing.
So don't fret too much. Just go get yourself a good business litigator (trial attorney) today.
You are not my client and this answer is not meant as legal advice -- it is for general knowledge only. If you want expert advice that is legal advice, you need to make a private appointment with an attorney skilled in the area of practice that pertains to your question.