skipperdoc
Junior Member
What is the name of your state? CA
I have a small equipment leasing company, we are a corporation, (I, own 50% and my business partner owns 50%. we are incorporated in DE). The company underwrites equipment leases for businesses. The company uses a third party ACH company to debit the monthly lease payments from each lessee. The ACH company in turn deposits the money into the business checking account that is owned by me and my partner. Yesterday I learn my business partner has deleted all the accounts from the ACH company and is using another ACH company and bank account. I do not know what ACH company he is using or bank account the money will be deposited into. Also, I do not have access to either the unknown ACH company or bank account. The amount is several thousand dollars a month. Here is my question: If the company is a corporation are the accounts and resulting income owned by the corporation? Is what my business partner did a criminal offense? If so, what and what can I do about this situation?
I have a small equipment leasing company, we are a corporation, (I, own 50% and my business partner owns 50%. we are incorporated in DE). The company underwrites equipment leases for businesses. The company uses a third party ACH company to debit the monthly lease payments from each lessee. The ACH company in turn deposits the money into the business checking account that is owned by me and my partner. Yesterday I learn my business partner has deleted all the accounts from the ACH company and is using another ACH company and bank account. I do not know what ACH company he is using or bank account the money will be deposited into. Also, I do not have access to either the unknown ACH company or bank account. The amount is several thousand dollars a month. Here is my question: If the company is a corporation are the accounts and resulting income owned by the corporation? Is what my business partner did a criminal offense? If so, what and what can I do about this situation?