{"id":271,"date":"2026-10-16T17:26:58","date_gmt":"2026-10-16T17:26:58","guid":{"rendered":"https:\/\/34-24-254-23.nip.io\/?page_id=271"},"modified":"2026-10-27T14:53:23","modified_gmt":"2026-10-27T14:53:23","slug":"my-business-partner-stole-money-from-the-company","status":"publish","type":"page","link":"https:\/\/kewlegal.com\/resources\/outside-general-counsel-for-businesses\/my-business-partner-stole-money-from-the-company\/","title":{"rendered":"My Business Partner Stole Money from the Company | KEW Legal"},"content":{"rendered":"\n<div class=\"wp-block-cover alignfull is-dark\" style=\"min-height:460px;aspect-ratio:unset;\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-secondary-background-color has-background-dim-60 has-background-dim\"><\/span><img class=\"wp-block-cover__image-background wp-image-268\" alt=\"Shareholders seated around a boardroom table review succession and sale documents beneath framed company history on the walls.\" src=\"https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/shareholders-seated-around-a-boardroom-table-review-successi-photo-1.jpg\" width=\"1376\" height=\"768\" srcset=\"https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/shareholders-seated-around-a-boardroom-table-review-successi-photo-1-150x150.jpg 150w, https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/shareholders-seated-around-a-boardroom-table-review-successi-photo-1-300x167.jpg 300w, https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/shareholders-seated-around-a-boardroom-table-review-successi-photo-1-768x429.jpg 768w, https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/shareholders-seated-around-a-boardroom-table-review-successi-photo-1-1024x572.jpg 1024w, https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/shareholders-seated-around-a-boardroom-table-review-successi-photo-1.jpg 1376w\" sizes=\"(max-width: 825px) 825px, 100vw\" fetchpriority=\"high\" decoding=\"async\"\/><div class=\"wp-block-cover__inner-container has-global-padding is-layout-constrained wp-block-cover-is-layout-constrained\">\n<p class=\"chg-eyebrow has-base-color has-text-color wp-block-paragraph\">Partnership Dispute Attorney | Coral Gables and Sunny Isles Beach<\/p><h1 class=\"wp-block-heading has-base-color has-text-color\">Your Business Partner Took Company Money? Protect the Records First.<\/h1><p class=\"has-base-color has-text-color wp-block-paragraph\" style=\"font-size:clamp(0.875rem, 0.875rem + ((1vw - 0.2rem) * 0.625), 1.25rem);\">KEW Legal focuses on partnership disputes and business law for owners in Miami-Dade, Broward and across South Florida. Schedule a consultation to talk through the company&#x27;s records and your options.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Schedule a Consultation<\/a><\/div><div class=\"wp-block-button chg-cta chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Schedule a Consultation<\/a><\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-base-color has-primary-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-4d466591 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--primary,#20242e);color:var(--wp--preset--color--base,#ffffff);padding-top:3rem;padding-bottom:3rem;padding-left:1.5rem;padding-right:1.5rem\">\n<h2 class=\"wp-block-heading has-text-align-center has-base-color has-text-color\">Where KEW Legal Works<\/h2>\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-f56f613f wp-block-columns-is-layout-flex\"><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"has-text-align-center wp-block-paragraph\"><span class=\"chg-icon chg-icon--location chg-stat-ico\"><\/span><\/p><h3 class=\"wp-block-heading has-text-align-center chg-stat has-base-color has-text-color\">2<\/h3><p class=\"has-text-align-center wp-block-paragraph\">Offices: Coral Gables and Sunny Isles Beach<\/p><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"has-text-align-center wp-block-paragraph\"><span class=\"chg-icon chg-icon--users chg-stat-ico\"><\/span><\/p><h3 class=\"wp-block-heading has-text-align-center chg-stat has-base-color has-text-color\">Miami-Dade<\/h3><p class=\"has-text-align-center wp-block-paragraph\">Business owners we serve in Miami-Dade County<\/p><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"has-text-align-center wp-block-paragraph\"><span class=\"chg-icon chg-icon--location chg-stat-ico\"><\/span><\/p><h3 class=\"wp-block-heading has-text-align-center chg-stat has-base-color has-text-color\">South Florida<\/h3><p class=\"has-text-align-center wp-block-paragraph\">Including Broward County and Fort Lauderdale<\/p><\/div><\/div>\n\n<\/div>\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:0.85rem;color:#6b7280;margin-bottom:1.5rem\">By Kristina E. Wilson \u00b7 Published October 12, 2026<\/p>\n\n<article lang=\"en\">\n\n<p>If your business partner stole money from the company, protect the records first. Then request the company&#8217;s books, and only after that decide on legal steps. <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.0410.html\">Florida law<\/a> gives owners real tools, but the right path depends on your <a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/business-structures\">entity type<\/a> and your signed agreements.<\/p>\n<p>KEW Legal is a Florida business law firm with offices in Coral Gables and Sunny Isles Beach. We serve business owners in Miami-Dade, Broward, and across South Florida. This guide is general information, not advice for your specific situation.<\/p>\n<h2>What Does It Mean When a Business Partner Takes Company Money?<\/h2>\n<p>It means money left the business without a clear, approved business reason. Not every payment to a partner is wrong, though. Common patterns include:<\/p>\n<ul>\n<li>Cash withdrawals with no receipt or ledger entry<\/li>\n<li>Transfers from company accounts to a personal account<\/li>\n<li>Vendor invoices for work that never happened, or that were inflated<\/li>\n<li>Payroll or expense reimbursements with no business purpose<\/li>\n<\/ul>\n<p>The key question is authorization. A partner may be entitled to a salary, a profit distribution, or a reimbursement. Your operating agreement or partnership agreement sets those rules. A payment that breaks those rules can be a problem, even if it looks normal.<\/p>\n<p>Florida law also requires loyalty from managers and members. Under <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.04091.html\">Fla. Stat. \u00a7 605.04091<\/a>, a manager or member must account to the company for any property, profit, or benefit taken from company property. The same conduct may also raise criminal questions under Florida&#8217;s theft laws. Civil recovery and criminal matters follow different rules, so weigh them separately.<\/p>\n\n<figure class=\"wp-block-image size-large has-custom-border\"><img decoding=\"async\" src=\"https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/two-business-professionals-signing-documents-across-a-polish-photo.jpg\" alt=\"Two business professionals signing documents across a polished conference table.\" style=\"border-radius:8px;width:100%;aspect-ratio:16\/9;object-fit:cover\"\/><\/figure>\n\n<div class=\"cta-dose-mid wp-block-group has-contrast-color has-surface-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--surface,#f2f3f5);color:var(--wp--preset--color--contrast,#22252b);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<p class=\"wp-block-paragraph\">If your partner has moved money and you&#x27;re trying to figure out whether you have a claim, you don&#x27;t have to sort through the bank statements alone. Talk it through with our team &#8212; the first consultation is free, confidential, and carries no obligation.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Get a free consultation<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Get a free consultation<\/a><\/div><\/div>\n<\/div>\n<h2>What Records Should You Preserve Before Anything Else?<\/h2>\n<p>Preserve the bank and payment records before you confront your partner or change any books. Gather these items:<\/p>\n<ul>\n<li>Statements for every company account, including operating, savings, and merchant accounts, for the period in question<\/li>\n<li>Check images, wire confirmations, ACH detail, and card statements<\/li>\n<li>Payee names and memo lines for each suspicious transaction<\/li>\n<li>Accounting software exports, general ledger reports, and audit trails with timestamps<\/li>\n<li>Exports from any payment platform the company uses<\/li>\n<\/ul>\n<p>Store copies outside the company&#8217;s systems. Keep the originals unchanged. Don&#8217;t annotate, reorganize, or &#8220;clean up&#8221; files, because that can make the record harder to trust.<\/p>\n<p>Write down who holds online banking logins, who can sign checks, and whether access changed recently. A dated log is simple and useful. A common mistake is waiting until emails are deleted or accounts are closed. Start the file as soon as you spot a problem.<\/p>\n<h2>How Do You Request the Company&#8217;s Books and Records in Florida?<\/h2>\n<p>In Florida, a member or partner often has a legal right to see company records. The governing agreement can shape the details.<\/p>\n<p>For an LLC, <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.0410.html\">Fla. Stat. \u00a7 605.0410<\/a> requires the company to keep a current list of members and managers. It must also keep tax returns and financial statements for the 3 most recent years, if any. The company must furnish information material to your rights without being asked. If it declines a request, it must give its reasons.<\/p>\n<p>If the company refuses access, <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.0411.html\">Fla. Stat. \u00a7 605.0411<\/a> lets the circuit court summarily order inspection and copying, at the company&#8217;s expense. The court must also order the company to pay reasonable attorney fees, unless it refused in good faith.<\/p>\n<p>For a partnership, <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0620\/Sections\/0620.8403.html\">Fla. Stat. \u00a7 620.8403<\/a> requires access to books and records during ordinary business hours. The partnership may charge a reasonable cost for copies.<\/p>\n<p>Send a written demand that lists the records, the time period, your purpose, and how you want to inspect them. Send it in a way that creates a dated record. Keep requests narrow enough to defend and broad enough to capture the transactions at issue. Expect pushback. A partial or late production can itself be useful evidence.<\/p>\n<h2>When Does a Partner&#8217;s Withdrawal Become a Legal Claim?<\/h2>\n<p>A withdrawal can support a legal claim when it was not authorized and it harmed the company or you. Which civil claims may apply depends on the specific facts and on the company&#8217;s governing documents.<\/p>\n<p>For partners, <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0620\/Sections\/0620.8404.html\">Fla. Stat. \u00a7 620.8404<\/a> limits the fiduciary duties to loyalty and care. The loyalty duty includes accounting for any benefit taken from partnership business.<\/p>\n<p>Who can sue depends on who was hurt. Whether a claim belongs to an individual member or to the company itself can affect how a dispute is brought and who may bring it. Under <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.0802.html\">Fla. Stat. \u00a7 605.0802<\/a>, a member generally must first demand action from the other members or managers. They have a reasonable time, not to exceed 90 days, to act.<\/p>\n<p>Timing matters. <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0600-0699\/0605\/Sections\/0605.0406.html\">Fla. Stat. \u00a7 605.0406<\/a> bars an action over an improper distribution unless it&#8217;s filed within 2 years after the distribution. Other claims follow <a href=\"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&amp;URL=0000-0099\/0095\/Sections\/0095.11.html\">Florida&#8217;s limitations statute<\/a>, which sets periods by claim type. Don&#8217;t assume you have time.<\/p>\n<p>Some agreements require arbitration. A written arbitration clause in a business contract can affect where and how a dispute is resolved.<\/p>\n\n<div class=\"cta-dose-mid wp-block-group has-contrast-color has-surface-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--surface,#f2f3f5);color:var(--wp--preset--color--contrast,#22252b);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<h3 class=\"wp-block-heading has-contrast-color has-text-color\">Not sure what your next step is?<\/h3><p class=\"wp-block-paragraph\">Talk it through with our team &#8212; the first consultation is free, confidential, and carries no obligation.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Get a free consultation<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Get a free consultation<\/a><\/div><\/div>\n<\/div>\n<h2>How Does Outside General Counsel Help Organize the Facts?<\/h2>\n<p>Outside general counsel is an ongoing advisory role. The lawyer reviews governing documents, organizes records, and sets out options in writing. Typical steps include:<\/p>\n<ul>\n<li>An intake interview about the company, the partner, and the transactions<\/li>\n<li>A review of the operating agreement, partnership agreement, and prior approvals<\/li>\n<li>A records inventory and a comparison of withdrawals against approvals and invoices<\/li>\n<li>A written list of open questions and documents still needed<\/li>\n<li>Coordination with the company&#8217;s outside accountant<\/li>\n<\/ul>\n<p>Owners make the major decisions. Whether to pursue litigation, mediation, settlement, or a negotiated buyout belongs to them. Counsel explains the trade-offs of each path. Work that covers partnership disputes often overlaps with outside general counsel for businesses.<\/p>\n<p>No timeline can be promised at the start. The volume of records and the other side&#8217;s cooperation both shape how long the work takes.<\/p>\n<h2>How Do You Protect Company Funds While the Facts Are Checked?<\/h2>\n<p>Start by limiting who can move money, if your governing agreement allows it. Review bank signature cards and online access levels. Check signing authority under the operating or partnership agreement.<\/p>\n<p>Avoid steps that make the problem worse:<\/p>\n<ul>\n<li>Don&#8217;t confront your partner in a way that prompts deleted records or moved money.<\/li>\n<li>Route major communications through counsel where you can.<\/li>\n<li>Don&#8217;t accuse employees, vendors, or customers before you have records.<\/li>\n<li>Don&#8217;t change the company&#8217;s books to hide or fix entries.<\/li>\n<\/ul>\n<p>A court may be asked for temporary relief to preserve assets or records. Whether that fits depends on the facts and the agreements, and no result can be predicted in advance. Keep a written log of any decision to freeze or restrict access, including who approved it and why. If a departing owner is involved, buyout terms may be covered by a business succession planning attorney review.<\/p>\n\n<figure class=\"wp-block-image size-large has-custom-border\"><img decoding=\"async\" src=\"https:\/\/kewlegal.com\/resources\/wp-content\/uploads\/2026\/10\/two-business-professionals-sign-a-contract-across-a-conferen-photo.jpg\" alt=\"Two business professionals sign a contract across a conference table in a bright office.\" style=\"border-radius:8px;width:100%;aspect-ratio:16\/9;object-fit:cover\"\/><\/figure>\n\n<div class=\"cta-dose-mid wp-block-group has-contrast-color has-surface-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--surface,#f2f3f5);color:var(--wp--preset--color--contrast,#22252b);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<h3 class=\"wp-block-heading has-contrast-color has-text-color\">Have questions about what happened?<\/h3><p class=\"wp-block-paragraph\">Ask our team directly. The first conversation is free, confidential, and there is no obligation to continue.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Talk to our team<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Talk to our team<\/a><\/div><\/div>\n<\/div>\n<h2>What Are the Common Questions About a Partner Taking Company Money?<\/h2>\n<p>Most of these answers depend on your governing agreement and your records.<\/p>\n<p><strong>Can my business partner withdraw funds without my consent?<\/strong> It depends on the agreement and whether the withdrawal was an approved distribution, salary, or reimbursement. Unauthorized withdrawals may be challengeable.<\/p>\n<p><strong>Can you sue a partner for taking money from the business?<\/strong> Civil claims may be available for breach of duty, conversion, or fraud. Each depends on the documents and the proof.<\/p>\n<p><strong>What proof do you need to accuse someone of stealing?<\/strong> Bank records, ledgers, approvals, and written messages are the usual starting point. Make any accusation carefully, with counsel&#8217;s guidance.<\/p>\n<p><strong>Should I involve the police?<\/strong> That&#8217;s a separate decision with its own trade-offs. It can affect civil options, so discuss it before you make or threaten a report.<\/p>\n<p>If your partner has moved money and you&#8217;re trying to figure out whether you have a claim, you don&#8217;t have to sort through the bank statements alone. Call 305-990-2300 or send us a message through our <a href=\"https:\/\/kewlegal.com\/contact-us\/\">contact page<\/a>.<\/p>\n\n<\/article>\n<footer class=\"disclaimer\"><em>The engagement of a lawyer is an important decision that should not be based solely upon advertisements. The information on this website is general information about KEW Legal and the services we offer; it does not constitute legal advice and is intended for informational purposes only. Accessing this website or contacting our firm does not establish an attorney-client relationship. KEW Legal, 16690 Collins Ave Ste 1101, Sunny Isles Beach, FL 33160.<\/em><\/footer>\n\n\n<div class=\"wp-block-group alignwide has-global-padding is-layout-constrained wp-container-core-group-is-layout-583d630a wp-block-group-is-layout-constrained\" style=\"padding-top:3rem;padding-bottom:3rem;padding-left:1.5rem;padding-right:1.5rem\">\n<h2 class=\"wp-block-heading has-text-align-center\">What a Partnership Dispute Review Covers<\/h2>\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-f56f613f wp-block-columns-is-layout-flex\"><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--document\"><\/span><\/p><h3 class=\"wp-block-heading\">Your Governing Documents<\/h3><p class=\"wp-block-paragraph\">We review the operating agreement, partnership agreement or bylaws, and any side agreements that set out ownership, authority and money rules.<\/p><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--shield\"><\/span><\/p><h3 class=\"wp-block-heading\">Company Records and Bank Activity<\/h3><p class=\"wp-block-paragraph\">We look at the company&#x27;s books, bank statements and transfer history to identify where money went and who approved it.<\/p><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><p class=\"wp-block-paragraph\"><span class=\"chg-icon chg-icon--chat\"><\/span><\/p><h3 class=\"wp-block-heading\">Options for Resolving the Dispute<\/h3><p class=\"wp-block-paragraph\">We discuss demand letters, negotiation, mediation and litigation so you can compare the paths that fit your entity type and agreements.<\/p><\/div><\/div>\n\n<\/div>\n\n\n\n<div class=\"wp-block-group has-contrast-color has-surface-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-32197852 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--surface,#f2f3f5);color:var(--wp--preset--color--contrast,#22252b);border-radius:8px;padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem;border-left:6px solid var(--wp--preset--color--cta,currentColor);box-shadow:0 2px 10px rgba(0,0,0,0.18)\">\n<h3 class=\"wp-block-heading has-contrast-color has-text-color\">Before You Confront Your Partner<\/h3><p class=\"wp-block-paragraph\">Do not delete emails, texts or accounting files, and avoid making transfers or changes to company accounts until you have reviewed the records with an attorney. Confronting a partner too early can alter the evidence.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Call 305-990-2300<\/a><\/div><div class=\"wp-block-button chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Call 305-990-2300<\/a><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-surface-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-583d630a wp-block-group-is-layout-constrained\" style=\"padding-top:3rem;padding-bottom:3rem;padding-left:1.5rem;padding-right:1.5rem\">\n<h2 class=\"wp-block-heading has-text-align-center\">Steps to Take Now<\/h2>\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-f56f613f wp-block-columns-is-layout-flex\"><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">1. Preserve the Records<\/h3><p class=\"wp-block-paragraph\">Save bank statements, accounting exports, emails, texts and agreements in their current form, and keep copies somewhere secure.<\/p><\/div><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">2. Request the Company&#x27;s Books<\/h3><p class=\"wp-block-paragraph\">Ask for the company&#x27;s financial records in writing. Your request should be documented so the record of what you asked for is clear.<\/p><\/div><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">3. Review Your Agreements<\/h3><p class=\"wp-block-paragraph\">Check your operating agreement, shareholder agreement or partnership agreement for dispute, buyout and removal provisions that may apply.<\/p><\/div><\/div><div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-group has-base-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:8px;box-shadow:0 4px 14px rgba(0,0,0,0.08);padding-top:1.5rem;padding-bottom:1.5rem;padding-left:1.5rem;padding-right:1.5rem\"><h3 class=\"wp-block-heading\">4. Decide on Legal Steps<\/h3><p class=\"wp-block-paragraph\">Once the facts are organized, decide with counsel whether to send a demand, pursue negotiation, mediation or a court action.<\/p><\/div><\/div><\/div>\n\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-base-color has-secondary-background-color has-text-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-4d466591 wp-block-group-is-layout-constrained\" style=\"background-color:var(--wp--preset--color--secondary,#20242e);color:var(--wp--preset--color--base,#ffffff);padding-top:3rem;padding-bottom:3rem;padding-left:1.5rem;padding-right:1.5rem\">\n<h2 class=\"wp-block-heading has-text-align-center has-base-color has-text-color\">Ready to Review Your Partnership Dispute?<\/h2>\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-0aa01211 wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button chg-cta chg-cta-call\"><a class=\"wp-block-button__link wp-element-button\" href=\"tel:+13059902300\">Schedule a Consultation or Call 305-990-2300<\/a><\/div><div class=\"wp-block-button chg-cta chg-cta-form\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/kewlegal.com\/contact-us\/\">Schedule a Consultation or Call 305-990-2300<\/a><\/div><\/div>\n<\/div>\n\n<!-- chg:section-siblings -->\n<nav aria-label=\"More in this section\">\n<h2>More in this section<\/h2>\n<ul><li><a href=\"\/resources\/outside-general-counsel-for-businesses\/noncompete-agreements-florida-employers\/\">Noncompete and Confidentiality Agreements for Florida Employers<\/a><\/li><li><a href=\"\/resources\/outside-general-counsel-for-businesses\/ongoing-legal-support-for-business-owners-florida\/\">Business Owner Legal Support Retainer in Florida | KEW Legal<\/a><\/li><li><a href=\"\/resources\/outside-general-counsel-for-businesses\/outside-counsel-restaurants-hospitality-miami\/\">Outside Counsel for Restaurants and Hospitality Businesses in Miami<\/a><\/li><li><a href=\"\/resources\/outside-general-counsel-for-businesses\/outside-general-counsel-for-businesses-law-firm-brickell\/\">Outside General Counsel For Businesses Law Firm Brickell<\/a><\/li><li><a href=\"\/resources\/outside-general-counsel-for-businesses\/outside-general-counsel-for-buyers-due-diligence-miami-dade\/\">Outside General Counsel for Buyers During Due Diligence in Miami-Dade<\/a><\/li><\/ul>\n<\/nav>\n<!-- \/chg:section-siblings -->","protected":false},"excerpt":{"rendered":"<p>Think your business partner stole money from the company? Learn which Florida records to preserve, how to request company books, and your next steps.<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":14,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"chg_review":"{\"v\": 1, \"checked_at\": \"2026-10-12T01:48:56+00:00\", \"checked\": true, \"jurisdiction\": \"Florida\", \"claims\": [{\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0410.html\", \"also\": [{\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8403.html\", \"cite\": \"Fla. Stat. \u00a7 620.8403\", \"heading\": \"Partner\u2019s rights and duties with respect to information.\", \"support\": \"under the partnership agreement or this act\", \"law_text\": \"\u2026 (3) Each partner and the partnership shall furnish to a partner, and to the legal representative of a deceased partner or partner under legal disability: (a) Without demand, any information concerning the partnership\u2019s business and affairs reasonably required for the proper exercise of the partner\u2019s rights and duties under the partnership agreement or this act; and (b) Upon demand, any other information concerning the partnership\u2019s business and affairs, except to the extent the demand or the information demanded is unreasonable or otherwise improper under the circumstances. History: s. 13, ch. 95-242.\"}], \"cite\": \"Fla. Stat. \u00a7 605.0410\", \"heading\": \"Records to be kept; rights of member, manager, and person dissociated to information.\", \"support\": \"In a member-managed limited liability company, the following rules apply\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (2) In a member-managed limited liability company, the following rules apply: (a) Upon reasonable notice, a member may inspect and copy during regular business hours, at a reasonable location specified by the company: 1. The records described in subsection (1); and 2. \u2026\", \"sentence\": \"Florida law gives owners real tools, but the right path depends on your entity type and your signed agreements.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.04091.html\", \"cite\": \"Fla. Stat. \u00a7 605.04091\", \"heading\": \"Standards of conduct for members and managers.\", \"support\": \"owes fiduciary duties of loyalty and care to the limited liability company and members of the limited liability company\", \"verdict\": \"supported\", \"law_text\": \"(1) Each manager of a manager-managed limited liability company and member of a member-managed limited liability company owes fiduciary duties of loyalty and care to the limited liability company and members of the limited liability company. (2) The duty of loyalty includes: (a) Accounting to the limited liability company and holding as trustee for it any property, profit, or benefit derived by the manager or member, as applicable: 1. In the conduct or winding up of the company\u2019s activities and affairs; 2. From the use by the member or manager of the company\u2019s property; \u2026\", \"sentence\": \"Florida law also requires loyalty from managers and members.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.04091.html\", \"cite\": \"Fla. Stat. \u00a7 605.04091\", \"heading\": \"Standards of conduct for members and managers.\", \"support\": \"Accounting to the limited liability company and holding as trustee for it any property, profit, or benefit derived by the manager or member, as applicable\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (2) The duty of loyalty includes: (a) Accounting to the limited liability company and holding as trustee for it any property, profit, or benefit derived by the manager or member, as applicable: 1. In the conduct or winding up of the company\u2019s activities and affairs; 2. From the use by the member or manager of the company\u2019s property; or 3. From the appropriation of a company opportunity; \u2026\", \"sentence\": \"Under Fla. Stat. \u00a7 605.04091, a manager or member must account to the company for any property, profit, or benefit taken from company property.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0410.html\", \"also\": [{\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8403.html\", \"cite\": \"Fla. Stat. \u00a7 620.8403\", \"heading\": \"Partner\u2019s rights and duties with respect to information.\", \"support\": \"A partnership shall provide partners and their agents and attorneys access to the books and records of the partnership.\", \"law_text\": \"\u2026 (2) A partnership shall provide partners and their agents and attorneys access to the books and records of the partnership. The partnership shall provide former partners and their agents and attorneys access to books and records pertaining to the period during which they were partners. The right of access provides the opportunity to inspect and copy books and records during ordinary business hours. \u2026\"}], \"cite\": \"Fla. Stat. \u00a7 605.0410\", \"heading\": \"Records to be kept; rights of member, manager, and person dissociated to information.\", \"support\": \"Upon reasonable notice, a member may inspect and copy during regular business hours\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (2) In a member-managed limited liability company, the following rules apply: (a) Upon reasonable notice, a member may inspect and copy during regular business hours, at a reasonable location specified by the company: 1. The records described in subsection (1); and 2. \u2026\", \"sentence\": \"In Florida, a member or partner often has a legal right to see company records.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0410.html\", \"cite\": \"Fla. Stat. \u00a7 605.0410\", \"heading\": \"Records to be kept; rights of member, manager, and person dissociated to information.\", \"support\": \"A current list of the full names and last known business, residence, or mailing addresses of each member and manager.\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (a) A current list of the full names and last known business, residence, or mailing addresses of each member and manager. (b) A copy of the then-effective operating agreement, if made in a record, and all amendments thereto if made in a record. \u2026\", \"sentence\": \"For an LLC, Fla. Stat. \u00a7 605.0410 requires the company to keep a current list of members and managers.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0410.html\", \"cite\": \"Fla. Stat. \u00a7 605.0410\", \"heading\": \"Records to be kept; rights of member, manager, and person dissociated to information.\", \"support\": \"Copies of the limited liability company\u2019s federal, state, and local income tax returns and reports, if any, for the 3 most recent years.\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (d) Copies of the limited liability company\u2019s federal, state, and local income tax returns and reports, if any, for the 3 most recent years. (e) Copies of the financial statements of the limited liability company, if any, for the 3 most recent years. \u2026\", \"sentence\": \"It must also keep tax returns and financial statements for the 3 most recent years, if any.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0410.html\", \"cite\": \"Fla. Stat. \u00a7 605.0410\", \"heading\": \"Records to be kept; rights of member, manager, and person dissociated to information.\", \"support\": \"Without demand, any information concerning the company\u2019s activities, affairs, financial condition, and other circumstances that is known to the company and is material to the proper exercise of the member\u2019s rights and duties under the operating agreement or this chapter\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (b) The company shall furnish to each member: 1. Without demand, any information concerning the company\u2019s activities, affairs, financial condition, and other circumstances that is known to the company and is material to the proper exercise of the member\u2019s rights and duties under the operating agreement or this chapter, except to the extent the company can establish that it reasonably believes the member already knows the information; and 2. \u2026\", \"sentence\": \"The company must furnish information material to your rights without being asked.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0410.html\", \"cite\": \"Fla. Stat. \u00a7 605.0410\", \"heading\": \"Records to be kept; rights of member, manager, and person dissociated to information.\", \"support\": \"For any demanded information that the company is not providing, the reasons that the company will not provide the information.\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (c) Within 10 days after receiving a demand pursuant to subparagraph (b)2., the company shall provide to the member who made the demand a record of: 1. The information that the company will provide in response to the demand and when and where the company will provide such information. 2. For any demanded information that the company is not providing, the reasons that the company will not provide the information. (d) The duty to furnish information under this subsection also applies to each member to the extent the member knows any of the information described in this subsection. (3) In a manager-managed limited liability company, the following rules apply: \u2026\", \"sentence\": \"If it declines a request, it must give its reasons.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0411.html\", \"cite\": \"Fla. Stat. \u00a7 605.0411\", \"heading\": \"Court-ordered inspection.\", \"support\": \"may summarily order inspection and copying of the records demanded, at the limited liability company\u2019s expense\", \"verdict\": \"supported\", \"law_text\": \"\u2026 to inspect and copy any records required by that section to be available for inspection, the circuit court in the county where the limited liability company\u2019s principal office is or was last located, as shown by the records of the department or, if there is no principal office in this state, where its registered office is or was last located, may summarily order inspection and copying of the records demanded, at the limited liability company\u2019s expense, upon application of the member, manager, or other person. \u2026\", \"sentence\": \"If the company refuses access, Fla. Stat. \u00a7 605.0411 lets the circuit court summarily order inspection and copying, at the company's expense.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0411.html\", \"cite\": \"Fla. Stat. \u00a7 605.0411\", \"heading\": \"Court-ordered inspection.\", \"support\": \"it shall also order the limited liability company to pay the costs, including reasonable attorney fees\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (2) If the court orders inspection or copying of the records demanded, it shall also order the limited liability company to pay the costs, including reasonable attorney fees, reasonably incurred by the member, manager, or other person seeking the records to obtain the order and enforce its rights under this section unless the limited liability company proves that it refused inspection in good faith because the company had a reasonable basis for doubt about the right of the member, manager, or such other person to ins \u2026\", \"sentence\": \"The court must also order the company to pay reasonable attorney fees, unless it refused in good faith.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8403.html\", \"cite\": \"Fla. Stat. \u00a7 620.8403\", \"heading\": \"Partner\u2019s rights and duties with respect to information.\", \"support\": \"The right of access provides the opportunity to inspect and copy books and records during ordinary business hours.\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (2) A partnership shall provide partners and their agents and attorneys access to the books and records of the partnership. The partnership shall provide former partners and their agents and attorneys access to books and records pertaining to the period during which they were partners. The right of access provides the opportunity to inspect and copy books and records during ordinary business hours. A partnership may impose a reasonable charge, covering the costs of labor and material, for copies of documents furnished. (3) Each partner and the partnership shall furnish to a partner, and to the legal representative of a deceased partner or partner under legal disability: \u2026\", \"sentence\": \"For a partnership, Fla. Stat. \u00a7 620.8403 requires access to books and records during ordinary business hours.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8403.html\", \"cite\": \"Fla. Stat. \u00a7 620.8403\", \"heading\": \"Partner\u2019s rights and duties with respect to information.\", \"support\": \"A partnership may impose a reasonable charge, covering the costs of labor and material, for copies of documents furnished.\", \"verdict\": \"supported\", \"law_text\": \"\u2026 The partnership shall provide former partners and their agents and attorneys access to books and records pertaining to the period during which they were partners. The right of access provides the opportunity to inspect and copy books and records during ordinary business hours. A partnership may impose a reasonable charge, covering the costs of labor and material, for copies of documents furnished. (3) Each partner and the partnership shall furnish to a partner, and to the legal representative of a deceased partner or partner under legal disability: \u2026\", \"sentence\": \"The partnership may charge a reasonable cost for copies.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0406.html\", \"also\": [{\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0801.html\", \"cite\": \"Fla. Stat. \u00a7 605.0801\", \"heading\": \"Direct action by member.\", \"support\": \"An actual or threatened injury that is not solely the result of an injury suffered or threatened to be suffered by the limited liability company\", \"law_text\": \"\u2026 (2) A member maintaining a direct action under this section must plead and prove either: (a) An actual or threatened injury that is not solely the result of an injury suffered or threatened to be suffered by the limited liability company; or (b) An actual or threatened injury resulting from a violation of a separate statutory or contractual duty owed by the alleged wrongdoer to the member, even if the injury is in whole or in part the same as the injury suffered or threatened to be suffered by the limited liability company. History: s. 2, ch. 2013-180; s. \u2026\"}], \"cite\": \"Fla. Stat. \u00a7 605.0406\", \"heading\": \"Liability for improper distributions.\", \"support\": \"consents to a distribution made in violation of s. 605.0405\", \"verdict\": \"supported\", \"law_text\": \"(1) Except as otherwise provided in subsection (2), if a member of a member-managed limited liability company or manager of a manager-managed limited liability company consents to a distribution made in violation of s. 605.0405 and, in consenting to the distribution, fails to comply with s. 605.04091, the member or manager is personally liable to the company for the amount of the distribution which exceeds the amount that could have been distributed without the violation of s. 605.0405. \u2026\", \"sentence\": \"A withdrawal can support a legal claim when it was not authorized and it harmed the company or you.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8404.html\", \"cite\": \"Fla. Stat. \u00a7 620.8404\", \"heading\": \"General standards of partner\u2019s conduct.\", \"support\": \"The only fiduciary duties a partner owes to the partnership and the other partners are the duty of loyalty and the duty of care\", \"verdict\": \"supported\", \"law_text\": \"(1) The only fiduciary duties a partner owes to the partnership and the other partners are the duty of loyalty and the duty of care, as set forth in subsections (2) and (3). (2) A partner\u2019s duty of loyalty to the partnership and the other partners is limited to the following: \u2026\", \"sentence\": \"For partners, Fla. Stat. \u00a7 620.8404 limits the fiduciary duties to loyalty and care.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8404.html\", \"cite\": \"Fla. Stat. \u00a7 620.8404\", \"heading\": \"General standards of partner\u2019s conduct.\", \"support\": \"To account to the partnership and hold as trustee for the partnership any property, profit, or benefit derived by the partner in the conduct and winding up of the partnership business\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (2) A partner\u2019s duty of loyalty to the partnership and the other partners is limited to the following: (a) To account to the partnership and hold as trustee for the partnership any property, profit, or benefit derived by the partner in the conduct and winding up of the partnership business or derived from a use by the partner of partnership property, including the appropriation of a partnership opportunity; (b) To refrain from dealing with the partnership in the conduct or winding up of the partnership business as or on behalf of a party having an interest adverse to the partnership; \u2026\", \"sentence\": \"The loyalty duty includes accounting for any benefit taken from partnership business.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0802.html\", \"cite\": \"Fla. Stat. \u00a7 605.0802\", \"heading\": \"Derivative action.\", \"support\": \"The member first makes a demand on the other members in a member-managed limited liability company or the managers of a manager-managed limited liability company\", \"verdict\": \"supported\", \"law_text\": \"A member may maintain a derivative action to enforce a right of a limited liability company if: (1) The member first makes a demand on the other members in a member-managed limited liability company or the managers of a manager-managed limited liability company requesting that the managers or other members cause the company to take suitable action to enforce the right, and the managers or other members do not take the action within a reasonable time, not to exceed 90 days; or (2) A demand under subsection (1) would be futile, or irreparable injury would result to the company by waiting for the other members or the managers to take action to enforce the right in accordance with subsection (1). History: s. 2, ch. 2013-180.\", \"sentence\": \"Under Fla. Stat. \u00a7 605.0802, a member generally must first demand action from the other members or managers.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0802.html\", \"cite\": \"Fla. Stat. \u00a7 605.0802\", \"heading\": \"Derivative action.\", \"support\": \"the managers or other members do not take the action within a reasonable time, not to exceed 90 days\", \"verdict\": \"supported\", \"law_text\": \"A member may maintain a derivative action to enforce a right of a limited liability company if: (1) The member first makes a demand on the other members in a member-managed limited liability company or the managers of a manager-managed limited liability company requesting that the managers or other members cause the company to take suitable action to enforce the right, and the managers or other members do not take the action within a reasonable time, not to exceed 90 days; or (2) A demand under subsection (1) would be futile, or irreparable injury would result to the company by waiting for the other members or the managers to take action to enforce the right in accordance with subsection (1). History: s. 2, ch. 2013-180.\", \"sentence\": \"They have a reasonable time, not to exceed 90 days, to act.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0605\/Sections\/0605.0406.html\", \"cite\": \"Fla. Stat. \u00a7 605.0406\", \"heading\": \"Liability for improper distributions.\", \"support\": \"An action under this section is barred unless commenced within 2 years after the distribution.\", \"verdict\": \"supported\", \"law_text\": \"\u2026 or (b) Implead a person who received a distribution in violation of subsection (3) and seek to enforce a right of contribution from an impleaded person in the amount the person received in violation of subsection (3). (5) An action under this section is barred unless commenced within 2 years after the distribution. History: s. 2, ch. 2013-180.\", \"sentence\": \"Fla. Stat. \u00a7 605.0406 bars an action over an improper distribution unless it's filed within 2 years after the distribution.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0000-0099\/0095\/Sections\/0095.11.html\", \"cite\": \"Fla. Stat. \u00a7 95.11\", \"heading\": \"Limitations other than for the recovery of real property.\", \"support\": \"Actions other than for recovery of real property shall be commenced as follows:\", \"verdict\": \"supported\", \"law_text\": \"Actions other than for recovery of real property shall be commenced as follows: (1) WITHIN TWENTY YEARS.\u2014An action on a judgment or decree of a court of record in this state. (2) WITHIN FIVE YEARS.\u2014 (a) An action on a judgment or decree of any court, not of record, of this state or any court of the United States, any other state or territory in the United States, or a foreign country. \u2026\", \"sentence\": \"Other claims follow Florida's limitations statute, which sets periods by claim type.\"}, {\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0600-0699\/0620\/Sections\/0620.8404.html\", \"also\": [{\"url\": \"https:\/\/www.leg.state.fl.us\/statutes\/index.cfm?App_mode=Display_Statute&URL=0000-0099\/0095\/Sections\/0095.11.html\", \"cite\": \"Fla. Stat. \u00a7 95.11\", \"heading\": \"Limitations other than for the recovery of real property.\", \"support\": \"An action for taking, detaining, or injuring personal property.\", \"law_text\": \"\u2026 (d) An action for injury to a person founded on the design, manufacture, distribution, or sale of personal property that is not permanently incorporated in an improvement to real property, including fixtures. \u2026 (f) An action for trespass on real property. (g) An action for taking, detaining, or injuring personal property. \u2026 (i) A legal or equitable action founded on fraud. (j) A legal or equitable action on a contract, obligation, or liability not founded on a written instrument, including an action for the sale and delivery of goods, wares, and merchandise, and on store accounts. \u2026 (l) An action for money paid to any governmental authority by mistake or inadvertence. \u2026\"}], \"cite\": \"Fla. Stat. \u00a7 620.8404\", \"heading\": \"General standards of partner\u2019s conduct.\", \"support\": \"To account to the partnership and hold as trustee for the partnership any property, profit, or benefit derived by the partner in the conduct and winding up of the partnership business\", \"verdict\": \"supported\", \"law_text\": \"\u2026 (2) A partner\u2019s duty of loyalty to the partnership and the other partners is limited to the following: (a) To account to the partnership and hold as trustee for the partnership any property, profit, or benefit derived by the partner in the conduct and winding up of the partnership business or derived from a use by the partner of partnership property, including the appropriation of a partnership opportunity; (b) To refrain from dealing with the partnership in the conduct or winding up of the partnership business as or on behalf of a party having an interest adverse to the partnership; \u2026\", \"sentence\": \"**Can you sue a partner for taking money from the business?** Civil claims may be available for breach of duty, conversion, or fraud.\"}], \"languages\": [{\"code\": \"en\", \"post_id\": 271}, {\"code\": \"es\", \"post_id\": 272}]}","chg_sendback":"","chg_canonical":"","chg_lang":"","chg_hreflang":"[]","chg_jsonld":"[{\"name\": \"Business Partner Misuse of Company Funds: Records and Legal Options in Florida\", \"@type\": \"Service\", \"about\": [\"Business partner misappropriation of company funds\", \"LLC member inspection of books and records\", \"Partnership books and records access\", \"Breach of fiduciary duty between business partners\"], \"@context\": \"https:\/\/schema.org\", \"audience\": {\"@type\": \"Audience\", \"audienceType\": \"Owners and members of Florida LLCs, general partners, and closely held business owners who suspect a business partner has misused company money\"}, \"provider\": {\"@type\": \"Organization\", \"@id\": \"https:\/\/kewlegal.com\/resources\/#organization\", \"name\": \"KEW Legal\", \"url\": \"https:\/\/kewlegal.com\/\"}, \"speakable\": {\"@type\": \"SpeakableSpecification\", \"cssSelector\": [\"article > p:first-of-type\", \".wp-block-details p\", \"article > h1\"]}, \"areaServed\": [{\"name\": \"Miami-Dade County, Florida\", \"@type\": \"AdministrativeArea\"}, {\"name\": \"Broward County, Florida\", \"@type\": \"AdministrativeArea\"}, {\"name\": \"Florida\", \"@type\": \"State\"}], \"description\": \"Informational service page explaining how owners of Florida LLCs, general partnerships, and closely held businesses can identify unauthorized withdrawals or transfers by a business partner, which records to preserve, how to request company books and records under Florida statutes, when such conduct may support a civil claim, how outside general counsel organizes the facts, and how to take a consultation next step.\", \"serviceType\": \"Outside general counsel guidance on business partner disputes and company books and records\", \"author\": {\"@type\": \"Person\", \"name\": \"Kristina E. Wilson\", \"url\": \"https:\/\/kewlegal.com\/our-team\/kristina-e-wilson\/\", \"jobTitle\": \"Founder\", \"sameAs\": [\"https:\/\/www.floridabar.org\/directories\/find-mbr\/profile\/?num=71205\", \"https:\/\/www.linkedin.com\/in\/kristina-wilson-702b5410\/\", \"https:\/\/www.avvo.com\/attorneys\/33160-fl-kristina-wilson-3417246.html\"]}, \"publisher\": {\"@type\": \"Organization\", \"@id\": \"https:\/\/kewlegal.com\/resources\/#organization\", \"name\": \"KEW Legal\", \"url\": \"https:\/\/kewlegal.com\/\"}, \"reviewedBy\": {\"@type\": \"Person\", \"name\": \"Natalie Martinez\", \"jobTitle\": \"Associate Attorney\", \"sameAs\": [\"https:\/\/www.floridabar.org\/directories\/find-mbr\/profile\/?num=1003311\"]}, \"inLanguage\": \"en\"}, {\"@context\": \"https:\/\/schema.org\", \"@type\": \"BreadcrumbList\", \"itemListElement\": [{\"@type\": \"ListItem\", \"position\": 1, \"name\": \"Home\", \"item\": \"https:\/\/kewlegal.com\/resources\/\"}, {\"@type\": \"ListItem\", \"position\": 2, \"name\": \"Outside General Counsel For Businesses\", \"item\": \"https:\/\/kewlegal.com\/resources\/outside-general-counsel-for-businesses\/\"}, {\"@type\": \"ListItem\", \"position\": 3, \"name\": \"My Business Partner Stole Money from the Company | KEW Legal\", \"item\": \"https:\/\/kewlegal.com\/resources\/outside-general-counsel-for-businesses\/my-business-partner-stole-money-from-the-company\/\"}]}]","chg_meta_description":"Think your business partner stole money from the company? Learn which Florida records to preserve, how to request company books, and your next steps.","footnotes":""},"class_list":["post-271","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/pages\/271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/comments?post=271"}],"version-history":[{"count":5,"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/pages\/271\/revisions"}],"predecessor-version":[{"id":5487,"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/pages\/271\/revisions\/5487"}],"up":[{"embeddable":true,"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/pages\/14"}],"wp:attachment":[{"href":"https:\/\/kewlegal.com\/resources\/wp-json\/wp\/v2\/media?parent=271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}