Partnership disputes not uncommon when unseemly acts take place

Having a partner can often help prospective company owners and operators move forward with their business plans. Partnerships can allow for certain duties and responsibilities to be spread out so that one person is not overwhelmed. Of course, these business relationships can turn sour or have other difficulties, and it is not unusual for partnership disputes to come about.

When one partner acts in a manner that can prove detrimental to the company, it is common for other partners to take action. Texas readers may be interested in such a case in another state involving the owner of a meat processing company and his former business partner. The men had started the company together in 2015, but the partnership apparently did not continue.

The man still involved in the company recently found that the former partner had made multiple fraudulent dealings at the expense of the company. These actions included claiming company-owned equipment as his personal property and moving the company-occupied property to a different business despite having used that same property as collateral. The current owner of the business hopes to obtain $1.9 million in a lawsuit he recently filed against his former partner.

Running businesses has its ups and downs, and for some, the downs can be tremendously detrimental. When problems arise within the company due to partnership disputes or similar issues, it can feel hard to accept. However, the needs of the company often come first, and if Texas business owners feel that legal action may need to be taken to address conflicts, understanding available options may be crucial.

Source: pressherald.com, “Gardiner meat company owner sues former partner“, Jessica Lowell, May 22, 2018