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irelandseye9
Guest
I'm having a major problem with my two business partners and am wondering if anyone has been through similar situation or has any advice.
I went into partnership with a UK firm of which my partners are also directors. The deal was that the UK firm would supply me with equipment and a salary until the Irish company generated enough work to be self sufficient. In the meantime I would recieve a basic salary and funds to pay bills from the UK firm.
Over the last while they have been increasingly late with these payments and for a variety of other reasons they have turned out to be the wrong kind of people to be in partnership with. Right now I am owed 3 months wages and they are saying they can't give it to me because they don't have it. The Irish company has generated alot in the last few months, more than enough to pay me and all outstanding bills. The problem is that they are insisting that all payments are made out to the UK firm because there is no Irish bank account, the reason being that they simply will not return the signed application for opening a bank account that I sent them months ago. It suits them, as they get all the money that the Irish firm makes and they are using it to keep the UK firm going, but won't pay me my wages. I have my landlord threatening to kick me out of my home and no money. It's an absolute nightmare and it seems like they couldn't care less.
One of my clients owes a realtively large amount of money. Normally his cheque would go to the UK firms bank account. With the situation as it is, I have told this client to make the cheque out to my name. My plan is to take my wages out of it and send what is left to the UK company. My days in this partnership are numbered, they will be extremely annoyed but I see myself as only doing to them what they are doing to me and just taking what I am due. Does this seem extreme? Is what they are doing or what I intend on doing legal? There is no written partnership agreement between us so I can very luckily retire my directorship without difficulty and I intend on doing so very soon but I would like to leave with my wages paid any bills accrued in my name in the clear.
Any thoughts or advice?
I went into partnership with a UK firm of which my partners are also directors. The deal was that the UK firm would supply me with equipment and a salary until the Irish company generated enough work to be self sufficient. In the meantime I would recieve a basic salary and funds to pay bills from the UK firm.
Over the last while they have been increasingly late with these payments and for a variety of other reasons they have turned out to be the wrong kind of people to be in partnership with. Right now I am owed 3 months wages and they are saying they can't give it to me because they don't have it. The Irish company has generated alot in the last few months, more than enough to pay me and all outstanding bills. The problem is that they are insisting that all payments are made out to the UK firm because there is no Irish bank account, the reason being that they simply will not return the signed application for opening a bank account that I sent them months ago. It suits them, as they get all the money that the Irish firm makes and they are using it to keep the UK firm going, but won't pay me my wages. I have my landlord threatening to kick me out of my home and no money. It's an absolute nightmare and it seems like they couldn't care less.
One of my clients owes a realtively large amount of money. Normally his cheque would go to the UK firms bank account. With the situation as it is, I have told this client to make the cheque out to my name. My plan is to take my wages out of it and send what is left to the UK company. My days in this partnership are numbered, they will be extremely annoyed but I see myself as only doing to them what they are doing to me and just taking what I am due. Does this seem extreme? Is what they are doing or what I intend on doing legal? There is no written partnership agreement between us so I can very luckily retire my directorship without difficulty and I intend on doing so very soon but I would like to leave with my wages paid any bills accrued in my name in the clear.
Any thoughts or advice?