The realisation that your business partner is stealing, whether it is from you, your clients or your business, is a huge shock and let down to anyone running a business. The activity could involve misappropriation of money, physical items or intellectual property. You can seek civil court action to recover any losses, including where your partner has made the business liable to a third party. Stealing from the business or a partner will be treated by the civil court as a breach of director’s duties. Your partner’s behaviour can also be viewed as potentially criminal activity; which will amount to either fraud or embezzlement. Embezzlement is the term given when money has been taken from the business for the personal use of one or more partners or members of a company without the knowledge and consent of the remaining members or partners. The legal definition of fraud is deliberate deception of someone for personal gain. The question of whether to commence proceedings against your partner in either the criminal court for fraud or embezzlement or the civil court (or both) can depend on a wide range of complex factors and issues relating to specifics of the case. It is highly advisable to instruct an expert fraud solicitor who can guide you in the right direction to get the best possible outcome. You can read more about the pros and cons of pursuing in the criminal court here. A crucial point is that criminal proceedings will not necessarily recover your money for you. Speak to one of our expert solicitors as soon as you suspect your partner is stealing from you and we can advise you how best to proceed to ensure your interests are looked after.
My Business Partner is Stealing: What Action ShouId I Take?
It is important you first seek legal advice from an expert solicitor before taking steps to deal with your business partner’s activities. Dealing with insider fraud and embezzlement demands extreme tact and attention to detail. There is a delicate path to tread in terms of obtaining evidence, ensuring you are not making a false accusation and safeguarding your interests and your business. Our solicitors can guide you and advise you on how best to approach the situation, at the same time mitigating any further financial loss or loss of reputation. There are a few things that require immediate attention where you suspect your partner is stealing from you. These include: the commencement of fraud investigations; reporting your partner’s behaviour to the authorities; cancelling cheque books or banking passwords; alerting clients, suppliers and other business associates; dissolving the business if necessary, or other such measures to bring your business relationship with your partner to an end. Speak to our experienced and highly skilled solicitors to discuss your situation. No two cases are the same, which is why we offer a truly bespoke service, tailored to your exact needs. We understand this can be a very sensitive issue for your business, and will always exercise utmost discretion and confidentiality with any client business.
Business Investigations Service London
As well as legal services, we also manage investigative work to protect our clients' interests, which includes investigating insider fraud and embezzlement. We involve qualified experts in forensic accountancy, private investigators authorised by the Association of British Investigators (ABI) and other highly qualified experts. This service ensures our clients minimise risks and make decisions on the basis of the most complete and accurate information possible.
Specialist Fraud & Embezzlement Solicitors Kensington, London
Our solicitors specialise in pursuing the most complex of fraud and embezzlement cases. We have successfully acted for many individuals and businesses, with a team comprising of lawyers who have the unique experience of previous involvement in security, private investigation and debt recovery industries, we are more than well-equipped to getting a resolution for you.
How Selachii Can Help
If you think your business partner is stealing from you or your business, speak to one of our team today. Selachii is a dynamic, agile and forward thinking law firm based in Kensington, London, specialising in pursuing highly complex fraud and embezzlement cases. We don’t believe in simply handing out one-size-fits-all solutions to problems. We provide high-quality representation and cutting edge advice and focus on your specific circumstances before working out the best and most cost-effective way of helping you achieve your aims.
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