What to do about a business property dispute?

My wife is sharing a leased space with a former business partner. They were in an LLC partnership that was dissolved 2 years ago. They rent a space and pay 1/2 of the bills but are both considered a sole proprietor. They took all the furniture and equipment from the old business to the new. We are being forced out of the lease and now the other party will not let us take 1/2 of our belongings. She told us to get a lawyer. Why should we have to pay a lawyer for property that is 1/2 ours to begin with.

Asked on August 26, 2011 Texas

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

If the limited liability company that was the entity that your wife ran a business under with her former partner was dissolved two (2) years ago, then in all likelihood there is documentation splitting up the assets of the limited liability company stating who receives what between your wife and her former business partner.

If not, then your wife is in a sort of a dilemma as a result of the lease problem with the landlord as far as splittng up the furniture and equipment from the dissolved limited liability company. I recommend that your wife and her former business partner sit down and agree in writing as to some of the items that each can have memorialized in a written agreement signed and dated by each of them.

As to those items that they cannot agree upon as to who receives them, then there might be need for your wife to consult with an attorney about the situation.

Good luck.

 

 


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