NickN: Brother registered as sole proprietorship and it was supposed to be a partnership?
My brother and I started what was supposed to be a partnership this year. He did all of the registration. After realizing he is a psychopath and finding out he’s been stealing and lying, he tells me that I am not a partner, he registered the business as a sole proprietorship, not a partnership. How do I find out if this is true and what do I do tax wise? Is there a way I can find out how the business is registered.
Answers and Views:
Answer by rejectedzipper
First go to where ever he registered the company and pay for a search and copy of the company registration.
If in fact it is registered as sole proprietor then he would be responsible for any tax problems.
If you have been working for the company, drawing wages and expenses then you are merely an employee.
If you think a LARGE amount of money is involved go and talk to a lawyer with the company details you have obtained.
Answer by JssDid you sign any paper? If yes, check those papers. If you did not sign partnership papers or any other form, or authorize your brother to act for you, then it is proprietorship.
Read about partnerships, https://taxipay.blogspot.com/2008/09/partnerships.html
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