Questions & Answers
Responsibility of business partners for a cheque bounce
My business partner and I entered into newly started technical services LLC. Now it's 3 months old. We got trade license, office, sponsorship, labour and immigration card...etc.
The solution needed: my business partner already issued his friend a cheque of AED 8288 which was due on 16-8-2019 and it got bounced.
I paid my share amount of AED 4144 to my business since he used his friend cheque. I got a receipt from my business partner.
The question is, how can I get back my share amount from my business partner since the cheque bounced, I feel my business partner is trying fraudulence.
Please advise
Dear Questioner,
As you are a partner in the L.L.C company, you are committed to the percentage of your share for the company debt.
In case there is a big amount or this happened again in future through a civil case by proving that this is not related to the business of the company, you can go back to your friend through the civil case to get your money back.
Hope this was useful for you.
For more clarifications kindly contact us by email or phone.
