business partners

[ihophoney]

when g & n went into business N never put G on any of the accounts or paper now N wants to take everything in the business and leave.Is G intitlte to anything even if he wasn't on the paper work? N said G was just employee put N never paid taxes or gave him a W-2

[loni32]

a verbal contract isn't worth the paper its written on. !!!!!

[WendyS]

I think if you haven't got a written contract stating what share of the business each partner has, then if the name isn't on the contract, there's no hope of having a share of the business.

[123paul]

Depends on what you agreed, rather than how you recorded it. If it was a genuine partnership then on disolution, provided you did not agree the shares you were to take, you would both have equal shares.

However, if you were paid a wage & treated as an employee or self-employed contractor you might struggle to argue that you were a partner. I would reccomend that you gather as much info as possibel about what was agreed when the business started and, equally as important, how you n and g carried on this business on a day to day basis, then go and get some proper advice.