Recent content by texasbizinvestor

We are trying hard to settle.. mediated one time already and got the weirdest proposals . No one knows how a jury would rule but pretty safe we offered 200,000 better than 90% of the jury would of possibly awarded, good chance the jury would of awarded nothing to either too from seeing the...

plus the defendant did all the work while the plaintiff lived fancy free , could actually say I managed this and that was bartered as my share in front of a jury but would need invoice that was going back not just 30 days but 20 years .. not need to respond to that but please see my point

at most 20-30,000

good question actually. everything was split at the point of sale, so no one should be asking the other to pay jack,, (this is admittedly a bias opinion) the 2 partners actually really got along. like you take this renters check and I take that one. nothing got distributed in an organized...

ok I know there are a lot of factors y'all are hearing.. that aside: got one more interesting thing to consider. say the defendant makes the partnership amend the tax returns (as required by law) to the true actual distributions based on good records going back 18 years. Now that same defendant...

Thanks to everyone here, smart bunch!

oh yea the presumptions as false as they may be, they have been killing us

you are spot on: the records are only tax returns, leases, closing statments, and bank records of he plaintiff that the bank has to provide. that can get spendy. We have. Still the capital account will never be accurate 100% and there never was a practice of counting all the income to the...

and what i find i give to the attorny not the defendndant directly.

its this rule that biting the defendant , thanks for copy pasting that.. however, laws written and laws ratified are not always the same. this rule does not have a "whit if the K1 is wrong"

assiting her with an attorney of coarse and we would both like to find some case history in our favor

well before 4 years, you got capital account already screwed up so really the statue of limititions are only so helpful in that event. and of course we are considering ammeneding the last 4 years of taxes

texas this is a dissolution dispute (with no written resolution, no operating agreement) many problems with the way it was ran as a partnership over the last 50+ years Background: A family ran about 10 million$ worth of their commonly inherited property through a non registered partnership...