Thank You for your reply--partner B is my stepfather, I saw that we had entered into a bad agreement and decided to walk away before he lost any more money. I didn't walk at that time because it was dead of winter and believed that business would pick up in spring and summer.
Good Morning,
I entered a partnership agreement in Oct. 2013 for 30% ownership of a bar/restaurant in Westchester NY. The bar was not doing well because of the location, fights that occurred a some years ago and bad management, however, it was our belief that we could turn it around. So...