S
satvision
Guest
re: verbal contract/partnership
i am in ohio. 11 months ago, my husband and i brought his brother in our business to do the internet portion under a seperate name than our service/retail business. nothing was ever put into writing on this partnership. my husband is a sole proprietor status. our business paid for the bills and inventory for both with the proceeds from the internet going to help in that. his brother wanted to have his initial investment paid back-it was.
and also wanted a wage on top of his investment back. in nov. we decided to part company.
my question-what is he intitled to? my brother in law never included us in the internet portion and we did not include him on our business checking account. he says he is entitled to all the existing inventory and half of what is in our checkbook. he started his own business checking acct. in nov. and is receiving all money from the internet for himself. are we entitled to anything in his account since we helped pay for the inventory? he says no.
Any help as quickly as possible would be helpful.
i am in ohio. 11 months ago, my husband and i brought his brother in our business to do the internet portion under a seperate name than our service/retail business. nothing was ever put into writing on this partnership. my husband is a sole proprietor status. our business paid for the bills and inventory for both with the proceeds from the internet going to help in that. his brother wanted to have his initial investment paid back-it was.
and also wanted a wage on top of his investment back. in nov. we decided to part company.
my question-what is he intitled to? my brother in law never included us in the internet portion and we did not include him on our business checking account. he says he is entitled to all the existing inventory and half of what is in our checkbook. he started his own business checking acct. in nov. and is receiving all money from the internet for himself. are we entitled to anything in his account since we helped pay for the inventory? he says no.
Any help as quickly as possible would be helpful.
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