I am at my wit's end?

Question

A business partner (well, ex- actually, to all intents & purposes) just will not play ball. I have offered him stuff but he has refused, I have tried to establish what he sees as the facts but he won't tell me, I give him my version of events and he simply refuses to enter into a dialogue.

I will spare you the details but rest assured (please believe me just for the purposes of answering the question) he is most definitely in the wrong and I can prove that. But I cannot move on with my life until we have resolved this.

To cut a long story short, he neglected his duties, and abandoned both the business and myself in our greatest time of need. I know people like this have a habit of rearing their ugly head years down the line just as you thought you'd built everything back up again, so I want to avoid this from happening.

Any suggestions as to routes I can take? Bear in mind I am completely penniless, and I mean COMPLETELY!

Thanks for your prejudice, but the reason I am penniless and the business stopped turning over is because I was diagnosed with an incapacitating illness 6 months ago. I did say just believe me in the question as it is not relevant for me to go into details (sigh...)

Answer 1

well, firstly, i suggest you try and make up for lost time, and do some research on what your services or products are, where they would be most popular and have more chances of success in another area, or perhaps even another additional service or product, Im only 17 but i help my dad manage his computing and engineering business from time to time, there are literally 100's of things you can do for free to help your business thrive!

for example, if you havent already you can apply for a small businesses grant from the inland revnue, contact the business administrative authorities and ask them if theres anything they can help with.

your business potentals are limitless, and there are literally hundreds of government setup companies and advice places you can get to assist you, but first and foremost you must protect your future profits from this deserter, have all accounts put in your name, and remove his from everything, ensure he pays the amount of taxes and debts he owes to you and the company, secondly register as an independant business (unless you are merged or awating synergey from a neighbouring company/small business) and you'll get a couple more tax cuts, in the last 2 paragraphs you may well have already saved 100's!

if theres anything else you would like from financial advise to business plans, just email me - [e-mail]

hope this helps

regards Dr Rider

Answer 2

You do not mention whether how the business was set up. Is it a partnership , a company or just an informal arrangement? If you have a memorandum of agreement or articles of association one of these should have the necessary clause to remove him from the business and allow you to move on. The worst thing you can do is go through the courts but, as you have explained, you are penniless. The lawyers would take all your money if you did go that route.

Answer 3

Share the load friend, seek advice from a solicitor, some give you half an hour for free, take a trusted friend to write down some notes for future reference, and like the other reply, Citizens advice are a great resource.

There are ways of sorting this out legally before you go nuts , dont make yourself ill over this, life is too precious, my brother had a heart attack through three years of stress and worry, thankfully he is ok now but its a lesson learnt.

Answer 4

Everyone who reads your post will know this is for real, and God-awful, too. You need to know everyone who is answering you is trying to help. I would just like to add my two cents' worth and tell you one of the best things you have done is to bring it forward here on Yahoo! Answers, because in stating your case so clearly, you have given us all a chance to help you. I would strongly encourage you to calm thyself and share your difficult situation with any and all who will listen because it is when we dialogue and talk with others we find who is right there for us and who will help. Submitting your question on Yahoo! Answers is one of the best things you could have possibly done this evening, so please do not second-guess or have any doubts later about your impulse to state your case here. Moving right along, I would like to add my heart goes out to you and that I believe you will weigh and consider all the help you will surely receive now, and come up with an answer that will prevent what you are anticipating later. Thank you for letting us try to help and I know someone will come up with something which will help you relax a bit, get your bearings, and find your way through this one, and out the other side of it.

Answer 5

citizens advice hun,they have the knowledge and if not the resorces and data at hand,they can take all the pressure for you until you know where you are going next,and can follow it through right up to the end with you.What a bummer eh big hugs hun sorry it went this way xx

Answer 6

If you are penniless then you are not a serious business person.maybe your partner is aware of this in spite of your insistences that he is wrong.With respect pack it in its just not for you.

Answer 7

Are you sure that he doesn't also work in the "White house". sounds familiar, somehow.