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recycled sixtie recycled sixtie is offline
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Join Date: Oct 2011
Location: Edmonton Canada
Posts: 5,970
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What berettafan says plus this.

Just a regular bookkeeper or accountant should be able to establish the amount of the lost money. Do that behind the partners' back. An auditor type accountant is what you need.

Once the amount is established present the results to a lawyer. Lawyer is optional at this point.

Lawyer advises how to handle what to do.

Would suggest offering to buy the partners out. If you present your findings without a lawyer then the pos partners will deny everything. A lawyer provides an extra hammer. Lawyer or not they will likely deny everything.

If they are smart they will accept an offer to buy them out rather than you proceed with criminal proceedings. It is essential to get hard copies of their wrong doings.

If they do not accept the offer then dissolve the company and startup a new company under your name only. This I think should be a last resort option. It will be impossible to work with these pos partners once the cat is out of the bag. I foresee lots of stress but will be worth it in the end.

I am just a lay person but have been on the Board of Directors as Treasurer for our condo building for four years. Having done some accounting courses helps me understand where the money is coming and going. It is not rocket science but common sense.
Old 10-11-2017, 05:12 AM
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