11 ms·
> Could this be fraudulent? Misappropriation of funds? Yes, obviously, it could be. How much of the business does your co-founder own? In any case: Gather al
by A_D_E_P_T 2y ago
> Could this be fraudulent? Misappropriation of funds?
Yes, obviously, it could be.
How much of the business does your co-founder own?
In any case: Gather all relevant documents, including bank statements, payroll records, and communications. (Emails, text messages, etc.) Then contact your partner and tell him you want to run a third-party financial audit. If you're in a one-party consent state, record this conversation. These are necessary steps.
If your partner is not majority owner, you should also limit his access to financial accounts once you're done gathering all relevant materials.
Could be that he's done nothing wrong. Could also be that he's frauding you, bigtime.