Fraud With Business Partner In Florida
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FAQ
In a general partnership all the partners are personally liable for the partnership debts. In a limited partnership, limited partners are not liable for the partnership's debts beyond the funds they contribute to the partnership.
Yes, you can sue your business partner for emotional distress, but proving such a claim can be challenging.
If your business partner committed fraud, you may be entitled to take legal action and recover losses sustained as a result of the partner's actions. The first action that should be taken is to give notice that you are aware of what looks like fraud.
Partnership fraud occurs when a partner knowingly engages in deception to obtain some sort of personal or financial gain to the detriment of the partnership.
Mendelovitz v. Cohen, a recent decision by the Kings County Commercial Division, reaffirmed this principle. Only those contracts that have absolutely no possibility of full performance within one year (such as a partnership for a definite term of two years) are subject to the application of statute of frauds.
The Florida Department of Agriculture and Consumer Services is the state's clearinghouse for consumer complaints. You can submit a complaint with their agency by completing an online form or contact their department's consumer protection and information hotline by calling 1-800-HELP-FLA (435-7352).
