Is my business partner allowed to use all of our income and put it into his new business?

In Panama
Last Updated: Sep 9, 2025

My partner and have a 50/50 partnership in a corporation selling Trucks. He is now saying that all the income from the sale of the trucks should be his, since he is doing most of the work in getting clients. Is this legal?

Lawyer Answers

PANAMA LEGAL BUSINESS (PANLEB)

PANAMA LEGAL BUSINESS (PANLEB)

Sep 9, 2025

Hola, ¿cómo estás? Si ambos son accionistas, es fundamental que exista claridad y consenso respecto a las ganancias y decisiones de la empresa. Para proteger sus intereses y evitar futuros conflictos, siempre recomendamos formalizar un acuerdo de accionistas o de socios.


Estos acuerdos establecen de manera clara los derechos, obligaciones y beneficios de cada parte, brindando seguridad jurídica y estabilidad a la empresa.

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