What to do if my business partner will not come to work?

I work 80 hours per week, just to pay the bills. He will not agree to sell the property our business is build on. We have no partnership agreement. I want to sell and pay off the debt, he won’t agree. In the meantime, I am working endless hours just to pay the loans and am not taking a paycheck. I had to sign personally for the loans and hate to ruin my credit, which has always been top notch. Do I have any options?

Asked on January 14, 2013 under Business Law, New York

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Your option os to consult with a business attorney about the unfortunate situation that you are in to give you the guidance so that you can make a decision as to how you want to proceed. Your business partner seemingly has a problem. He or she essentially has abandoned the business and you need to make appropriate decisions as to how you resolve the matter.


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