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Business Dispute Resolution
I think one of our partners is using business assets for his own profit. What can I do?
Trainee Solicitor
Published 1 January 2021
I think one of our partners is using business assets for his own profit. What can I do?
Unless otherwise agreed, partnership assets can only be used for the business of that partnership. Partners have a duty to account to the business for any profits they obtain. If you think any of these have been ignored, you should take legal advice as to your options based on any written partnership agreement or statute.
Want to discuss the issues raised in this blog?
To contact Joanne on any of the issues raised in this blog call 01228 516666 or to arrange a call back, enter your details in the form and we’ll be in touch as soon as we can.
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