...personal use...? I am one of 3 partners in a non profit org. While reviewing a recent bank statement, Partner 1 and myself discovered that Partner 3 has been using the company card for personal expenses... On the current statement the charges were totaling over $150. The 3 of us have always been good friends, and we want to find a way to resolve this. Legally, partner 1 and I are responsible for the business. The bank account is in the business name, and I am the signer on the account. Partner 3 was added as a signer on the account a month ago, which is when the discrepancies started to happen.
Is there a way to fix this situation without filing criminal charges on Partner 3? We do not want to put him in jeopardy, but on the other hand, I refuse to be held responsible for something I did not do... Help!
Is there a way to fix this situation without filing criminal charges on Partner 3? We do not want to put him in jeopardy, but on the other hand, I refuse to be held responsible for something I did not do... Help!