Is my business partner allowed to use all of our income and put it into his new business?
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)
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.
Free • Anonymous • Expert Lawyers
Need Personal Legal Help?
Connect with experienced lawyers in your area for personalized advice on your specific situation.
Free consultation • No obligation
Related Legal Experts
Get personalized help from lawyers specializing in this area
All lawyers are verified, licensed professionals with proven track records