What is the name of your state (only U.S. law)? Ohio
I am involved in a publishing LLC with two partners. We have written and published a book together. We have also published a book that was written solely by one partner. The partner contributed $4,000 out of $4,760.55 to print her book. The company paid the balance of the printing. We have a verbal agreement that she will be paid royalties of 50% of the profit (revenue after expenses is deducted) every 6 months. She has recently sold some of her books and only turned over a portion of the revenue keeping half of total revenue. Can the company bring criminal charges against this partner for stealing since the money should have flowed through the company so the company can write a check and recognize the royalties as an expense?
I am involved in a publishing LLC with two partners. We have written and published a book together. We have also published a book that was written solely by one partner. The partner contributed $4,000 out of $4,760.55 to print her book. The company paid the balance of the printing. We have a verbal agreement that she will be paid royalties of 50% of the profit (revenue after expenses is deducted) every 6 months. She has recently sold some of her books and only turned over a portion of the revenue keeping half of total revenue. Can the company bring criminal charges against this partner for stealing since the money should have flowed through the company so the company can write a check and recognize the royalties as an expense?