Can I ask a few questions:1. Is the business trading out of a private limited company?2. If so is it registered in the UK?3. Do you have any form of agreement as to what you intended to happen when you started out in business with your brother 24 years ago?
Hi thereThis is obviously a very important issue for you and I would strongly advise that you seek one to one legal advice from a solicitor. It is worth making a few points however:
2. If it can be shown as a fact that you had contributed the money to those businesses in anticipation of a proportional return then under equity you may be entitled to a remedy.
3. Equity is a principle of natural justice which underpins our judicial system. However, it is important that anyone asking the court for an equitable remedy acts properly at all times.
4. One remedy that you could seek is that the monies invested have created a "resulting trust" in your favour and in effect the legal owner of the various shares (i.e. your brother) is holding them on trust for your benefit.
There are many issues at play here and I would recommend again seeking advice from a solicitor in person.
I hope this helps,
Hi - do you have any further questions? If not I'd be grateful if you could rate and close the question. Kind regards, Sean