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Hello my name is ***** ***** I will help you with this.
for now please let me know if this is a Limited company or partnership?
Is there a partnership agreement?
How come he has sole access to the bank accounts?
because i trusted him
You need to get a Solicitor to write to him.
By law in the absence of ANY agreement you are to split 50/50
This means he or the business owes you what you have not taken
If the Solicitor letter does not do anything then you can take him to Court and ask the court he accounts for the profits and that you are entitled to your share and he either repays or it comes out of the bsuiness.
However it may be that the business is dissolved.
does this mean that i can from now on claim 50/50 of the income
Either partner can dissolve the business and all assets etc are sold and split 50/50 paying off any debts.
Drawings out yes
Both historic and in future.
You are entitled to 50% of everything the business makes
the business is a holiday rental business and receives an income of about 1500 per week . i
ok. You are entitled to 50% of the profit after expenses etc
So any drawings you are entitled to half
the assets are the building and until they are all sold i must have an income. how do i make the accountant agree to this as he says he cant change anything without his consent
You need a Court order.
But first do it with a Solicitors letter, that may do the trick
Can I clarify anything else for you about this?
how much will this cost me as im now only getting a state pension
To go to Court? You may be entitled to fee remission.
The cost of issuing the claim is £280
how do i go about it ?
You need a Solicitor letter first. Do that as it may do the trick
Otherwise you complete form N1