More details to this question:
Hi, my sister and I started a small business in Lodi around 7 years ago. The lease of the store is under her name, but the entity of the business is under my name. She contributed 1 year and small amount of money for the business and she left later. Now, she asked me for $60000 a lump sum amount and $1000 every month to compensate her portion and the risk of breaking the lease of the business. My question is does she have any entity of this business and can she have the rights for this amount of money?
1 ANSWER
This demand is unreasonable, especially if she left
and abandoned the business.
More information can be found on my website
http://www.losangelesrealestateattorney.com
In addition, should you wish to contact me by phone
the number is 800 – 233 – 8521
Mitchell Reed Sussman
Attorney at Law
Answered on Mar 06th, 2013 at 4:45 PM