QUESTION

Removing partner from a genreal partnership:

Asked on Aug 19th, 2017 on Business Litigation - New York
More details to this question:
Removing partner from partnership: Background: About 20 months ago I started a printing business with a friend. Unfortunately we never got around to having the partnership agreement completed due to being busier than expected. I am assuming New York State law would then apply as far as the agreement would go? This is a small part time business generating only about $30,000 over that 20 months. The basic oral agreement was that he would provide the designs and handle the art end, I would fund the business and manage the business end, and we would split the labor in the shop. My partner has had little to no dedication to the business or learning the business. He has put next to nothing into the business from either an equity or labor standpoint, currently he has negative equity in the business. His total contribution to the business has been: A few dozen designs and variations of those designs, none of which has been any significant source of income for the business.; and making min
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1 ANSWER

Estate Planning Attorney serving New York, NY
1 Award
You can seek dissolution and an accounting in law suit, but what are you really fighting over?  Consider just moving on.  Legal fees for this case will be a high percentage of total.
Answered on Aug 24th, 2017 at 4:23 PM

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