Ask a Law Question, Get an Answer ASAP!
I am a solicitor.
I would think that as you are now the owner of the business, the costs and responsibility of filing accounts post 2020/2021 should be with you .
Unfortunately, you cannot force your former business partner to split the accountancy costs, as this was not agreed prior to.
Sorry. May I help further?
I understand. Unfortunately, the contract also states that you will pay the accountancy costs solely. You may propose that 50% of the accountancy costs be deducted from your partner's share of the sale proceeds of the assets, however, if he refuses, I would advise you to bear the costs 100% as there is no point going to court over this as you could lose.
All the best
You are welcome.