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Old 11-03-2009, 07:21 PM
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Question

My partner Stole over $7600 so I formed an LLC without him can he


What is the name of your state (only U.S. law)? Oklahoma
I was working with a sole proprietor contractor ex.(abc Contracting) that put me in charge of roofs. We started advertising (abc Roofing) a name that I came up with even though he had not registered it. So when it came to signing a contract everything was written on abc contacting. He then said he was going to make me a partner in the roofing side. Still no roofing company formed all advertisements that I created including any business cards have my number on them. We split the profit from the roofs 50/50. Then all of the sudden he started saying he had not collected money from jobs that I knew had. In all he had kept over $7600. After I called him out on it he told me that he will just turn over the roofing to me. So I took that as I will accept this and not go after him for my money. I went and checked with the state and abc roofing was not registered so I formed a corporation on monday and registered it. Monday evening he contacted me and stated we need to work out compensation for him on the abc roofing. I already registered with the state and have my own EIN number under the name abc roofing & gutters. My question is do I owe him anything and can he do anything about me owning my LLC? I have not told him about any of this yet.
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