Now he says its his and not mine and Iam receiving nothing from the business. I dont want to bring the Police in as this man is unstable and I fear what he would do to me.
Is there anything I can do to get my business back or have I lost it now through not putting my name on the deed to the property and business?
Thanks
I have no idea why you would think he would do anything to you
At this moment the business is 100% his.
Its you that has to provide evidence some of it belongs to you (and from what you say - you havent a hope)
HE dont have to do a damned thing.
(and you can call the police as much as you like- they willl NOT be interested
Its a civil matter not a criminal one unless you can provide evidence of fraud)
You say you put money into the business at the start
This gives you 2 HUGE problems
1) proving you actually paid money (to him or the business)
2) proving the money was given as an investment in the business and was not just a loan/gift to him).
(proving you gave money to him does not prove it was for investment in the business, even if it appears on the books for the business - it could have been given as a personal loan or a gift.to him, which HE then decided to put into the business
To prove it was an investment you have to provide evidence it was (such as an agreement as to how much of the business it was buying - Just cos you provide all the startup cash does not prove you own 100% of the business. It could be you provide the cash, HE provides the expertise and each owns 50% of the business).
Without that agreement it becomes a loan/gift and you then have the problem of proving it was a loan and not a gift.
If I startup a business and ask you for money to get it started,.you just giving me money does not give you any rights as regards that business. (
( Even if we both decide to setup a business, you just put up money but the business is in my name does not give you any rights to the business)
And unless there is some agreement for me to repay it the money becomes a gift (which I dont have to repay) and not a loan
So without any evidence of an agreement to repay it then its bye-bye the money
If you have ANY evidence then go see a solicitor.
If you dont then say goodbye to the money.
why did your lawyer let you do such a bone headed move?
didn't have one? well now you need to get one & produce the receipts & bank accounts that are in your name & that you are a signatory on that prove you've put all the money into the business & that you have a right to the business.
don't have any of that? then you can't prove it's your business.
If you have proof of what you say, go and see a solicitor. However, if it is registered in his name only, you will need good evidence to make any claim to a share of the company. Can you prove you put in the original funds? Can you prove that it was intended to be a partnership, and that you had a right to income from the business. If you have no proof, you basically made a gift of the whole set up to this former partner.
Why is this such an uncompelling little tale...? Why did you register it in his name only?
See a lawyer.
It is NOT your business, it is his because it is in his name. The Police won't do anything, you would have to go to a Solicitor with proof that it is your business and you put the money in.
UK
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