I own a business with three other people (25% ownership each). I’ve discovered one of the owners (let’s call them Karl) has been using their company credit card for personal purchases going back at least two years totalling over $20,000. When I asked Karl about one of the purchases for $2300 he told me he he needed to use his company card because his personal card did not work – that charge was over a year ago and he keeps saying he will pay it back next week. It has been six months since confronted about that charge. Since then I have discovered more and more charges to several other retailers all relating to his personal hobbys.

I’ve requested further statements from our bank to go back even further to see how much this adds up, but it is already over 20k.

Do I need to hire an attorney?

I needed you to get through this story objectively before I revealed that my business partners are my brothers and father. I am the youngest of the family and have already spoken to our father who is electing to do nothing. I think I realize already I need to hire an attorney, but the family dynamic of the situation is making this extremely difficult.

Thank you for your advice!

Edit: my brother is the one using his company card for personal purchases.