Pursuing Embezzlement Charges You can file a criminal complaint against your business partner for embezzlement. If your business partner stole money from the business, he violated that trust and may be guilty of embezzlement.

A business owner clearly applies as a person “in a relationship of trust.” The use of business accounts to pay personal expenses is a common form of embezzlement. Before you fly into a rage (even if deservedly so), consult an attorney who is familiar with this area for help in the proper way to gather evidence.

Can a business partner have a breach of trust?

A breach of trust with your business partner can occur in many ways, from finding out that he or she has opened a competing business to discovering that he has been reimbursing himself for wildly expensive and purely personal expenses for years, always hiding the evidence from you.

When to take action against your business partner?

Instead of self-diagnosing, speak to an attorney experienced in shareholder disputes when faced with a significant problem with your business partner. A good, reputable attorney will point out not only what to expect if you do want to take action, but also what might happen if you fail to act.

You can file a criminal complaint against your business partner for embezzlement. If your business partner stole money from the business, he violated that trust and may be guilty of embezzlement.

How do you deal with a stealing business partner?

What to Do When You Suspect That a Business Partner Is Stealing from Your Company

1. DO: Document Everything.
2. DON’T: Make Unsubstantiated Accusations.
3. DO: Discuss Your Options for Legal Remedies with a Lawyer.
4. DO: Rely on Your Company’s Articles of Organization.
5. DON’T: Make Empty Threats of Criminal Penalties.

Why are so many small businesses falling victim to embezzlement?

There is a common denominator in the reasons why small businesses more often fall victim to fraud and embezzlement, and that is the trust that the business owner has in his or her employees. In smaller business environments, including online businesses, employees are often entrusted with great authority.

How to recover cost benefit from an embezzler?

As is readily apparent from the earlier article, the key to successful cost benefit recovery from an embezzler is to seek to short cut the prolonged, expensive and complex the full audit and conviction by circumstantial evidence that is so difficult in the usual embezzlement case.

Where can I get help with an embezzlement case?

If you need help with a fraud or embezzlement case, you can post your legal need on UpCounsel’s marketplace. UpCounsel accepts only the top 5 percent of lawyers to its site.