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Hello my name is ***** ***** I will help you with this.
For now please let me know how much you invested?
And nothing is in writing?
Is it a Limited Company or sole trader/partnership?
No nothing,as i said he's my son and it was a gentlemans agreement
as i understand it a sole trader/partnership
Ok. So there is someone else in the partnership. What is it you want to achieve?
Two things,i need to get rid of the the problem of the third party as it is not known how much he has invested as he cannot show invoices to substanciate his claim on the business and i do not want to alienate my relationship with my son
1. Sadly you can't get rid of the third party. That is a matter between your son and this person.
Unless there was a written contract you have no say in who your son can have in the business
Sadly all you can do at this stage is demand your £65,000 back and take him to Court if he refuses
But the difficulty is there is nothing in writing whatsoever.
If there had been then any contract would have set out each parties rights and responsibilities.
But you have no say in the running of the business as there is no contract to support this.
I am sorry if this is not the answer you want and certainly not the one I want to give you, but I have a duty to be honest
Can I clarify anything for you about this today please?
What can be done about the other parties claim for money without any showing of money owed to him as he seem's to have picked a sum out of the air without any proof the sum being £45.000
I do have bankers draughts showing where the money went
are you still on-line
Yes I am here
That is a matter between your son and that person.
The person would need to provide evidence of the £45,000
But again I would hope there is some sort of written agreement between them
Does that help?