Transcribed

My Father Tricked Me Out of My Share in Our Business

Oct 9, 2024 · 16m 55s
My Father Tricked Me Out of My Share in Our Business
Description

A Reddit user posted on the "smallbusiness" subreddit, seeking advice on how to proceed after feeling betrayed by his father, who is also his business partner. He claims his father...

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A Reddit user posted on the "smallbusiness" subreddit, seeking advice on how to proceed after feeling betrayed by his father, who is also his business partner. He claims his father tricked him into signing a contract giving him 15% ownership of the business instead of the 45% they had agreed upon. The poster claims that his father has been using company money for personal expenses, refusing to share profits, and ultimately sidelined him from the business. After the user brought in a new supplier, his father, without his consent, decided to cancel the deal due to pressure from a competing vendor, leaving the business with supply shortages and canceled orders. Redditor’s comments offer support and advice, ranging from legal action and severing ties to starting a competing business and exploring different legal avenues. The poster is left struggling with what to do next, grappling with the difficult situation of trying to maintain a family relationship while also protecting his own interests in the business.
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Author Alan Shore and Denise
Organization DeepDive
Website -
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