Question: How can I recover my investment from a business partner who has failed to return the money or provide any documentation of ownership after several years?
Answer: In a situation where an investment was made without a finalized contract and the investor did not receive the promised returns or documentation (like a K-1 form) indicating ownership, the recommended course of action is to formally request the investment or the payouts related to the ownership stake. Should this proceed to court, it might be possible to claim not only the initial investment amount but also additional damages for lost potential earnings, though this would depend on the specifics of the case and jurisdiction.
Please note:This response is for general informational purposes only and should not be considered legal advice. For advice specific to your situation, consult a qualified attorney. We recommend consulting with a qualified attorney to address your specific legal concerns. The forum, its administrators, and contributors assume no responsibility for actions taken based on the information provided here. Laws and regulations are subject to change and may vary by location.
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Lawsuit Against a Business
Attorney Samantha Eddmeiri