Tampa Bay Business Disputes: Misappropriation of Assets

April 08, 2023

causing damage to companyIn Tampa Bay, businesses are not immune to conflicts and disputes. These disagreements can often arise in the form of contract disputes, employment issues, or intellectual property disputes, among others.

However, one type of dispute that can have far-reaching consequences is the misappropriation of assets. Engaging the services of experienced business litigation attorneys in Tampa, FL, such as Robert Eckard & Associates, P.A., can be vital to protecting your business interests.

Misappropriation of Assets

Misappropriation of assets is the unauthorized use or theft of a company’s assets, including funds, property, and other resources. This type of dispute is not only financially damaging to the business but can also harm its reputation and stakeholder relationships. Misappropriation of assets can occur in various forms, such as:

  1. Skimming – Diverting funds before they are recorded in the company’s financial records.
  2. Larceny – Stealing cash or other assets after they have been recorded in the company’s financial records.
  3. Fraudulent disbursements – Issuing unauthorized payments to oneself or to third parties through schemes such as false invoicing or payroll manipulation.

Detecting asset misappropriation requires vigilance and thorough internal controls. Business owners and management should implement measures such as segregation of duties, regular internal audits, and external reviews to minimize the risk of such occurrences.

A Tampa Business Attorney Can Help

In the unfortunate event that your business encounters a misappropriation of assets dispute, enlisting the expertise of a Tampa business attorney is crucial. A skilled Tampa business lawyer, like those at Robert Eckard & Associates, P.A., can provide legal guidance in investigating the matter, preserving evidence, and pursuing appropriate remedies.

These remedies may include civil litigation to recover the misappropriated funds or property, obtaining injunctions to prevent further misappropriation, and working with law enforcement to pursue criminal charges against the wrongdoer. By engaging the services of a knowledgeable Tampa business attorney, you can protect your business interests and help ensure a favorable resolution to your dispute.

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I cannot express enough the immediate efforts of Drew to solve the problem at hand was something you don't see often nowadays. Drew was able to completely prevent something from happening that would have changed the course of my life. If anyone wants a lawyer that makes you feel like you are his number 1 priority hire Drew!!!! Definitely recommending him to anyone that is in need of legal counsel.

Great to work with and Very effective! Many Thanks to attorney Drew Patterson, who handled a business lawsuit for me in a very professional and timely manner resulting in the case being dismissed. In my opinion, Drew was very knowledgeable, asked pertinent questions, explained things easily and understandably, and was a pleasure to work with. He gets it done! If I need an attorney again, Drew will be the first one I call. Additionally, the staff at Robert Eckard & Associates were always courteous and helpful.

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The best of the best Drew was an excellent lawyer for me! He is a very respectful and intelligent young man that will always handle any business in a professional manor. Anytime I reached out to him he responded to me within minutes. Would recommend Drew to anyone I know in the future!

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