Questions & Answers
Rights of a 50% partner when managing partner withholds financial information
Dear Sir/Madam,
I am a 50% partner in a civil company and my partner is the managing partner.
I live abroad in Europe and the managing partner is not providing 6 months of interim accounts, invoices proof, expenses, and sales generated upon my requests.
Although this request is not part of any agreement, the refusal on my partner's behalf raises further concerns due to funding a business that is making losses and I am solely funding the business.
What are my rights? And what action can I take to get the necessary information?
Hello,
You have to notify him legally to provide you with all the details of the company.
For further details, please contact us via phone or email.
Dear questioner,
You have the right to review the company books and cease funding of the company if the managing partner continues to act in such a manner.
For further information, please contact us via email.
