Peterborough office
48 Broadway, Peterborough Cambridgeshire, PE1 1YW
01733 346 333 01733 562 338 enquiries@hegarty.co.ukStamford office
10 Ironmonger Street, Stamford Lincolnshire, PE9 1PL
01780 752 066 01780 762 774 enquiries@hegarty.co.ukOakham office
66 South Street, Oakham Rutland, LE15 6BQ
01572 757 565 01572 720 555 enquiries@hegarty.co.ukMarket Deeping office
27a Market Place, Market Deeping, PE6 8EA
01778 230 120 01778 230 129 enquiries@hegarty.co.ukQ. I went into business last year with a friend, and we both invested £5,000 into marketing and premises. We found out that we just couldn't work together and decided to part company, but she wants to continue to run the business alone. I would like my initial investment back but she says no way. What can I do?
A. This may be dependent upon what is contained in your partnership agreement. You may be able to dissolve the partnership and try to recoup your money this way. Another option would be to ask her to buy you out of the partnership, and therefore you would have your share of the equity acquired by her.
Unfortunately, neither of these options guarantees that you will get all, if any, of your money back, this will be dependent upon the success of the business.
It may be that you suggest that an investor needs to be found or a suitable replacement for you if she does not wish to continue as a sole trader. If your partner does wish to carry on as a sole trader she will need to consider restructuring the business as necessary.
