10/16/2026
What happens when your business partner takes more money out of the company than they're supposed to?
It may not be obvious until you look closely at the numbers.
Some partners run personal expenses through the business or take excessive distributions, which can distort profits, losses, and capital account balances.
If your Schedule K-1 doesn't seem right, there's a reason to investigate.
⚖️ Business partnership disputes can become more complicated the longer you wait. Legal deadlines may limit your options.
Have you ever questioned how profits were divided in a business partnership?