I Was Given The Family Business and I Don't Want It!
ฝัง
- เผยแพร่เมื่อ 23 ก.ย. 2024
- 💵 Create Your Free Budget! Sign up for EveryDollar ⮕ ter.li/6h2c45
📱Download the Ramsey Network App ⮕ ter.li/ajeshj
🛒 Visit The Ramsey Store ⮕ ter.li/7vyom2
📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ ter.li/2u3mc0
💰 George Kamel ⮕ ter.li/1elws8
💡 The Rachel Cruze Show ⮕ ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ ter.li/1rbjr2
📈 EntreLeadership ⮕ ter.li/ktxv2k
Ramsey Solutions Privacy Policy
www.ramseysolu...
this girl needs to get an attorney. not getting dividends on 500k is literally absurd
I bet there is more money involved. They have bank accounts and other assets to make this business work…
Dividends are not required by law, but shareholders should get some sort of payout at the end of the year if the company is in the green. Unless the owner decides to put retained earning back into the company, which is doubtful for ten plus years in business.
Exactly for 10 years that plus interest
Problem is her brother is pocketing all the money that's what it sounds like to me. Because if this real estate was bought from their Grandma it was probably bought 10 20 years ago so the values of increased along with rents at very minimum she should be receiving a check every month for at least $500
@@mike7933 Dividends are not required, but reports are. As a CPA, I'd be all over this like stink on sh*t!
Anytime someone gets defensive about not opening the books to an owner means the other partner is stealing from the company. He most likely is pulling out equity from them. They are not all paid for. She needs to hire an audit firm to investigate the books or at least a CPA to review the books and lawyer up.
yes!!! i agree.
Exactly
Wow. Good call. I'm not a 'real estate' professional but I am a student of human nature. I believe, like you, that the poor woman's brother has 'dipped' into the value of the business and he's either ashamed or afraid to share that info because he's probably 'forged' her signature somewhere along the way.
She's probably hearing her husband go on about her needing to "sort this s**t out with your brother" but he's not willing to get involved. So she's stuck between a rock (her brother) and a soft place (her husband).
Look, she's called into the show because she's at a loss regarding what action to take. It's taken a decade and this is the furthest she's taken things.
'Option Two', getting her brother to buy her out is no-brainer. I suggest she date and write the following... "Brother mine, I love you. You say I don't trust you when I ask for information due to me. Well actions speak louder than words and your actions are shouting from the rooftops that you don't love me, that's blatantly obvious. This deeply saddens me. So I've made a decision I should have made some time ago and my actions over the next seven days will be dependent on your Yes or No answer to my following question... 'When we inevitably enter the courthouse to compel you to buy me out, ALL financial details of the business will be revealed (by law), so my question to you is this. 'Would court-driven investigations into the business reveal you've done something that could put you in jail - Yes or No?' - If no, then come and talk with me, I forgive you in advance for any mistakes you've made regarding the business. If your answer is yes, then get a lawyer and face the music, as I can no longer bear the unreasonable stress you've inflicted upon me, my husband and the kids."
She's welcome to create a variation of this note,or leave it as is, just send something to change the status quo because her brother won't.
Good luck, lady.
Truth. I worked in a camp office a few summers. I worked hard to get their charity Navigator score up. CFO said they were working on certifications but never finished. Turns out he was using camp money to fund his house.
He is gutting it so she doesn't get anything if it is dissolved as it has no assets and he keeps the money. Scumbag and I agree an audit can prove damages she can sue for
So they’ve all had this business together for 10 years and there’s been NO profit that can be distributed among the owners? Something is not right.
That’s the one thing I don’t get. There’s 7 of them and no one else has approached the brother?
Outrageous and wrong esp since the homes are paid off!!
This may not be the full story. I guess we can only take her for her word.
All the other cousins 🤐🤐🤐🤐🤐
Or taxes! That’s dangerous.
He's been siphoning off these properties all the while and probably using the money to "fund" his other business. He will freak when he hears from any lawyers. Get started yesterday.
Yesterday.
😮😮I worked for a 3 generation family business. There was an annual third party auditor that sent records to all members.
I think Dave is missing a huge thing, that while she doesn't have money tied into the business, she does have risk. If her name is part of this business and brother is doing something atrocious, there could be liability or at least reputation affecting issues at foot. I don't think her burying her head in the sand and staying blind but part of it is an option AT ALL.
Right. "she" might owe the IRS
There is about ZERO chance the brothers isn't skimming money off this business.
Yes, Lawyer it up. Hold him accountable. Dividends need to have been paid out the whole time. He made cash flow, tax benefits, appreciation etc... FOR SURE HIRE A LAWYER!!! Show the Rental rates above mortgage payments and maintenance. He is keeping all the money
she is a door mat so she will continue to do nothing
“I’ve tried nothing, and I’m all out of ideas!”
🤣🤣🤣
😅🤣
That’s hilarious
If she loses her brother over this-he’s not worth keeping. That’s like saying-in order to maintain a relationship with this person, I have to let them steal from me.
If she doesn’t WANT the business, then she SHOULD give it to someone who WILL continue the family business! And I say this as a guy who STARTED a family biz.
Also, you’re acting like she deserves 50% of the profits, but she’s not actually putting any effort into running it. If it was a passive income type of business, like owning a McDonald’s, that would be one thing. But a real estate business requires somebody to do all of the work themselves. So if they’re not doing any of the work, then they don’t really deserve to make much money from the business.
@@charlesg7926 , It's an inheritance, she deserves her fair share even if she go's back to what it was worth 10 years ago and collects 1/7 of that.
@@charlesg7926I agree. But if she isn't going to be contributing to the business then the brother still has to buy her out of it and give her share to her. She does after all have an inheritance in it because of the grandmother.
I wa sin her predicament 8 years ago. My husband took charge with an attorney (2 Dave Ramsey's - Ouch!) I won. My brother is starting to speak to me 7 years later. It's a risk I took and I am very happy about it. It was eroding my mental health slowly on a daily basis. Once it was resolved I started to live.
Business Guidelines:
Don't go into business with family.
Don't go into business with friends.
Don't go into business with fellow church members.
Don't go into business with other believers.
Don't go into business with unbelievers.
If you go into business, strike out on your own:)
Amen to that 👏🏽👏🏽
As a 40 year CPA, I say you are right on the money.
Why is religion important, it has no part in business.
It’s an indicator of values. Which matters. In business
@@MsMak03 no it is not. Your fellow Christian could be the biggest sinner there is and your neighbour Atheist/Muslim/Jew/Hindu/.. could be the most trustworthy person around.
You don't do these confrontations on family trips or at Christmas. You go to his office during business hours WITH your attorney and get the books.
And after you ask politely a few times, you have your lawyer express and uphold her legal rights.
I can tell from her tone she's not gonna do any of the suggestions... she's too week and unconfident. Her husband hasn't done his job here to protect her from this bully... he needs to take charge and fight for her
spot on, neither one of them have a spine
It’s not the husband’s role to destroy the relationship between his wife and her brother…. Over some found money
@@garret8787 it's not found money it's money from the wife's part of the family business. the brother needs to be in jail for theft & as far as the relationship goes the brother has already done an excellent job at destroying it.
But she’s been persistent in asking. She will step up.
@@makeitpay8241 No it’s not found money. It’s her inheritance.
If David gave his grandchild half a million dollars and someone kept them from it would he be so okay about it?
If he gave his son keys to eight cars with the intent he distribute the keys to other family members would he be okay with his daughter not getting her key?
If he gave Rachel the keys to the family’s supply room with the intent she distribute the stock to herself, his son, and his nephews and nieces would he be fine with her withholding from those he intended to provide some security for?
I don’t understand his attitude. The woman has a right and perhaps an obligation to protect what was meant to benefit and provide financial security for herself and her own family.
"I'm a teacher, so I don't know anything about business" lol checks out.
🤣 our education system is in free fall
I lost it in laughter at that moment.
Sounds about right.
As a teacher, I cringed when she said that.
@@sweetfayce18 Most of us realize that her level of naivety does not extend to all teachers.
She needs to get out ASAP because if he’s doing something shady (which he DEFINITELY is!) she could find herself in trouble as well and a judge may not have compassion for her situation or simply not believe she is ignorant of what has been going on. People who dodge and hide are covering up something…
I would love an update from this call. I hope she made progress!
Stories like this make me even more thankful I have wonderful brothers and an amazing sister-in-law all of whom would never let money come between us. We’d rather have nothing physically as long as we have each other.
I would not walk away from $500k.
You sell it and put it all in dividend stock s
I doubt there is 500k. She walked away from 50k 10 years ago. The brother has probably been using this as a big piggy bank.
I say go for the second option and make a TH-cam video about it for us all to hear! Her brother is committing fraud and financial embezzlement against the other stakeholders and needs to be put in his place. He is no longer family with how he has been treating her. He needs a court order against him personally for the amount that was owed to her over all this time.
This is truly an unfortunate family conflict. Hope they can resolve it asap!
I won’t be surprised if he’s already sold some of the houses and blown the money
Family business always sounded like a dream. Until I grew up and realized that having other players (like this caller and brother) is a possible outcome and it sounds HORRIBLE!
Till to this day, I do not understand the point of "Equally" given shares, it will only cause chaos. I was in a similar situation, As the eldest, I was suppose to take over the family office with equal shares to my siblings, while I have to take all the burden of working fulltime, but my father lied multiple times and I had enough with his style of management and his people. I chose to set up my own group and take my own path. Lost of on millions on inheritance due to this but I came out stronger and more in control of my future rather than having to deal with people I do not trust.... the only thing I regretted was I did not tell my dad why I did not want to be a part of his group in his face before he died.
My guess is the brother has been using these properties as his personal piggy bank for 10 years. I bet he's been pulling out equity, and all of them are leveraged to the max.
He's been keeping the money. It's that simple. No way these haven't made cash.
She may have 10 years of tax obligations.
She received no income.
@@kirpdeb that she knows of it could be being reinvested into an account that she knows nothing about that. Somebody else has access to.
Get an attorney, bring a claim against the brother..(He’s done with you anyway). Make him an offer during the initial conference, demand discovery of EVERYTHING, get a professionals auditor, and take what is yours. If you don’t want it, give it to charity.
I really dislike bullies…
She was in real estate management, but knows nothing about real estate?
Her grandmother wanted to gift her. But did she? And what was the terms of that? A decade and she nerve received one cent?
Sounds like she is not telling the whole story.
I had to force the sale of property. Hired a good lawyer & dealt with the emotional side. Great friends listened all the way through. Lesson learned by all of us!!
Judge ruled in my favor & I had total control to sell. Proceeds were split between us & they had to reimburse me for years of property taxes when I paid them in full by myself.
Don’t let that brother get by with this!!
But where are all the other cousins in this?????
Do they know where the money is?
In the brother’s mind he owns it all, and he has no intention of sharing the financials. She may as well go on and hire a lawyer because they will inevitably get there.
It sounds honorable to walk away and tell the brother it's his, but then he is rewarded for his deviousness.
Fraudulent Deceitfulness
Exactly and it completely disrespects her grandmother’s intentions, it was her plan for her money.
She's not honoring or respecting herself if she lets her brother get away with it.
I really hope I can sometime run into Dave in public and say, “Aren’t you the dad of Rachel Cruze? She gives out financial advice on the radio.”
...and make him extremely proud of his legacy...?...
The brother is definitely stealing money from the business if he doesn't want to share the expense statements.
She's owned this business for years and hasn't received anything. Either the business is terrible, or the brother is stealing it.
Why should she “see any money” if she’s not even putting any effort, time, WORK or knowledge into the business? That makes no sense.
@@charlesg7926she should at least have tax documents whether she made money or not.
Get a lawyer and demand an audit.
There should be some 1099’s or K-1s coming to the caller each year…very suspicious
I was just going to say the same. Unless it's a C corp, which I doubt, she certainly must have been receiving a K1 each year for her share of the annual activity. Find out who prepares the return and get a copy of the return. She's an owner, she can get copies if she wants.
When you are conditioned in your family to submit and don't try to ask questions, you sense you should have rights but question yourself. Piling on insults doesn't help her. Similar thing happened to me as a teen. As I grew and understood what happened I was infuriated but I was told the statute of limitations expired...too bad for me and my kids. Not so sure!
She will do absolutely nothing. She couldn't even answer any simple questions - or as I say, "fundamental life" questions. This was like talking to a brick.
Correct
Bullies need to be put in their place. You let them get away with whatever they have you cornered with, they surely find more people to traumatize.
Ohhh i wanna hear the update on this situation so bad
She sounds like she doesn't know, is unwilling to learn, and wants to know what she's entitled to... she's probably gone about it the wrong way by asking through her former employer or whomever and seemed greedy causing the misunderstanding... she should be entitled to her percentage no matter what that is, but she also owes them to go about it properly and understand what she is actually entitled to. They can try to explain it to her, but they can't understand it FOR her. She claims to be a teacher but seems unwilling or unable to educate herself.
Geez lady, get a lawyer and Demand or sue your brother for transparent access to the financials and get your share. You may need a forensic accountant to really see where the money is. This is what lawyers are for. I bet the brother has been lining his pockets with the cousins and his sister’s share of the money. He may even have transferred some of the money to his wife in order for it to be untouchable. This is a tactic some people use but it definitely is within reach of the law. Being a doormat gets you walked on. This lady should go see a therapist and learn how to take what is her own. This Story disgusts me, but the cause of the problem rest squarely on the squirmy shoulders of the doormat.
It will take at least two years but forensic accountants can cost as much as 40k… That’s not including the cost of your lawyer
families are horrible....generally
The cause of the problem rests squarely on the shoulders of the brother. He seems to be a bully with ethical lapses.
What are the rest of the family members saying? Are they as passive as she is? Are they in the know and involved in the buisness?
I would like to know how the other partners feel?
I don’t like the structure or lack of structure to family companies. I used to work for one. They prefer their own family and in some cases they can take advantage of family members and if you’re not family they treat you like family. It is better to have a business relationship with your coworkers and boss.
Wow...I want a follow up on this one
The problem with letting him continue to just "run" the business and NOT tell you anything....if he runs up a bunch of debt or breaks laws and her name is on the business as a part owner...then will she also be legally liable? Anything that he has to pay immediately...will he then want to divide that by all the cousins/siblings? Would she want to be responsible for those bad choices because her name is on it? eeks!
I’d be curious if the other siblings and cousins are feeling the same
I would hold a family meeting without the brother. Women have always been easy to exploit because they typically value relationships and family over money. They tend to be more passive and peace at any price. There is NO WAY SHE SHOULD walk away from this “found money” That suggestion was disrespectful for her grandmother’s wishes and this woman’s long term financial wellbeing. It also reinforces these stereotypes about women and money and REWARDS THE BULLY!
I’m a notary closing agent and I would bet he has cash out refinanced every one of these properties and if they were paid for he probably went and got a HELOC or 2nd mortgage. He probably wasn’t collecting rent during COVID bc of moratoriums and has been living off the the stimulus packages that provided benefits to plenty of landlords. I have had multiple clients do 2 refinances in 2021 and one client did 3 refinances in like 9 mos. I would bet everything I have that he has pulled out all the equity and cash he could from this home and is living high off the hog. He probably got one of Granddaddy’s buddy’s to notarize a POA or put the property in a trust (via a title co) so that he doesn’t need all 7 ppl there during closing. Nothing would surprise me anymore🤷🏾♀️
Another example of why not to mix finances with family members. It’s just not worth the potential headaches and possible destruction of the relationships.
Probably an example of why to not _give_ people things rather than have them work for it.
@@someonethirsty1957 I agree, that too.
Perhaps it just illuminates character traits and fractures within the family that were already present. Ideally, you should be able to trust your family MORE that outside partnerships. How sad is that?
Years ago, my father and his two brothers inherited the family business. My father immediately asked to be bought out and walked away. A few years later, both this brothers were so in debt one of them had a breakdown and the other lost his home. It was a valuable lesson to me and my siblings.
@@modiste
He’s a genius.
He is getting something from it and keeping the others in the dark. I bet he's skimming money from the properties (somehow) and there's enough for him but not everyone. A lawsuit should get his attention.
He's probably taking an income for himself out of it and the rest of the partners doesn't know anything
@@webfreakz, that's what I think too. I bet he hates that she's poking around and asking questions.
Bonehead move on Grandma's part. Best of intentions I'm sure. Just sell the business and put it in a trust fund for them or a similar concept.
She needs a buyout. A CPA firm can value the business and the judge can uphold the decision for the buyout. All is well and done. Get a CPA firm that is an expert in valuing companies and they will get it done.
-From a local accountant who is working to get his CPA
Brother is probably hiding something from her and taking her share for himself. That's what it sounds like.
It's a shame family (her brother) treats each other this way, but it seems to happen all the time.
She seems like the entitled one here. She doesn’t want to do an ounce of work for the business because she think she’s “too good for” but she wants to be paid half of the profits? She’s insane and so are you
I really can’t think of any reason why he wouldn’t be sharing the financials other than he’s doing something shady. I’m sorry
Imagine a Brother that owes you 10 years of backed compensation and taken food out of your mouth. I'm surprised that Dave doesn't mention that.
Brother is a horrible entitled brat.
Scorched earth is the only possible way for your brother to start on a path to accountability and humility.
You're right. The whole "you might lose your brother" thing is crazy because if he's been cutting her out of the money for 10 years then the brother was already lost to begin with. I'd lawyer up and get the cut. The guy clearly has no morals and doesn't care about his own family. He will only give it up if he is forced to.
Get with other family behind his back and make a power play. Force him out and hire management company.
Oh man Ive heard some wild stories about management companies.
@@jeanlaubenthal698 I know many with rentals that use them for around 14% of rent.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@lennoxmutterick6434 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@caseycantrell-gh6fg Oh please I’d love that. Thanks!
@@lennoxmutterick6434 Clementina Abate Russo is her name
Lookup with her name on the webpage.
Not to mention how rude the brother is to his own grandmother by sweeping her requests and concerns under the rug as well.
He probably has a gambling, or a drug problem. She needs to get a lawyer and get her money from this business including past dividends with accrued interest and everything else that goes with it.
Yo Dave at the end killed me with the "it's boomer hour" gotta keep that sense of humor, cause life is hard lol.
Dave never met *this* boomer!
I wish we could hear updates on all this stories .
Don't do business with family. Ever. There are just so many ways for it to go wrong. This is a perfect example. People who you think are rationale and sane lose all sense when it comes to this.
Oooooweeeee!!!You can say that again!!
This gift turned into a curse. It's a bad idea to give a whole business (or any other asset that isn't easily divided) to several people and expect them to share it nicely. Should have kept the business to herself, or sold it and split the money.
It could have worked: the properties could have generated a profit to be distributed. Of course, the moment it became clear that this wasn't happening, the stakeholders should have stepped in and taken action.
@@fnordiumendures138 a small business with as many as 7+ equal owners, who didn't create or join the business based on their own initiative, had no chance of working well in the long run.
Agree with Ken. She needs to get what g ma give them.
She isn’t going to do anything I can tell by her responses
You should’ve fought for it harder back in the day in my opinion. Have him buy you out and/or force a buy out.
She could appoint an independent auditor to go through the company accounts
Huh!?!? If these are income producing properties, whose been reporting income to IRS & paying taxes on the income?
She never got tax papers on this over 10 years?? She is part owner, so any profit- she would have to claim that income. Sounds like your brother is screwing her over!
"I'm a teacher, I don't know how to communicate". Yeesh.
Yeah...with 2nd graders.
She was gifted real estate business with seven cousins, but brother runs it. Fire him, he doesn't own it.
Lawyer time.
I'd contact all of the other 6, say I want out therefore am interested in dissolving the LLC. If they want to keep the business then they will need to show her the books in order to buy her out. If they try to hold her off she gets to see the books anyway via the court. Make it about business, not emotion. Some of the others may feel the same way and are just waiting for someone to take the lead. If brother turns out to be a bad dude then brother's a bad dude.
If you are a teacher why don't you teach yourself about Real Estate, LLCs and Business??
There’s no reason why she can’t learn
Because the ✡️ who own the school board want teachers to be weak, feckle and stupid
I’m a teacher. It’s boring.
She's incompetent in the extreme.
New drinking game.. take a shot everytime she says "umm"
.. good luck to your liver lol
She needs to understand why she has never received dividends on her part. Maybe they were reinvested into other properties which is fine but that changes her payout.
She's not able to asked a straight question how can anyone give a straight answer. He's managing the properties she's doing nothing and looking to just be handed money.
I'd love to have more follow up videos on some of these situations
Are you kidding me? The six of you are just standing by letting your brother run the show and you don’t have any say on what’s going on and you don’t know how much money is being made or spent? Positively ridiculous you’re 30 years old have you ever heard of an attorney?
What about the other cousins? I'd have a talk with them and then approach the brother.
She needs to lawyer up !!!!!!!!!
I don't think we're getting the full story here by any means. What would the brother say if he was to be interviewed I wonder? What do the other six cousins know or think about this? Are ALL of them in the dark? Seems unlikely. And the business kicks off zero cash to each cousin and yet nobody has taken action to get answers? I suppose it's possible, but definitely weird. At a minimum, I suspect that the brother syphons off as much cash from the business for himself as he can. And if he's doing all the work, he may feel justified in doing so. At worst, he could be refinancing the properties as they have gone up in value and using the money as a slush fund to provide a lavish lifestyle for himself. That would definitely explain his reluctance to provide any details about the business to the other partners.
I guess everyone likes a bit of drama, these are the most entertaining call to me. I hope she gets to resolve this issue.
She should had a lawyer involved from day one. She should asked to be sent paperwork’s and financial report quarterly
I’m confused who’s paying her taxes on the income?
Quite possibly no one has paid taxes. There might not be much income now, if brother has spent/leveraged everything. Brother is “running” the business but not providing and financial information. . .for at least 10 years. Crazy to think grandma who built the business (or inherited it from her husband), her children (who were aware of the value of the company and the transfer grandma made) and 6 grandchildren have put their heads in the sand/looked the other way for a decade while one grandson has “managed” the business w/o ANY accountability to his extended family and business “partners?” What could possibly go wrong?
There’s three sides to a coin. Heads, tails and the side edge. The truth usually lies somewhere on the middle. I heard the brother has his own business aside from the properties, the sister has no clue about business and the grandmother is still alive. How does anyone on the outside know if the brother wasn’t entrusted to manage the properties until death and the rents go to sustain granny until her passing? No mention of a living trust or anything. I learned long ago, If it’s not in writing, it doesn’t mean Sugar, Honey, or Ice Tea.
I want back pay on income generated that wasn't reinvested in paying down mortgages. Are any of the other cousins actively involved or do they want out, too?
He's gonna wanna be compensated for managing the properties.
@@djpuplex he probably treated it as a full time job when it should have been a side hustle
Don't LLCs have to file an annual report with the Secretary of State's office?
I don't know if that's public information, but as an owner she's certainly entitled to see what was filed.
"Burn this to the ground....' ❤ it Dave
The brother has been waiting for option 3. He's playing the long game, that's exactly what he wants. I hope option 2 is what she does. Stick it to him.
Option two since he has enjoyed ten years of her income (or else he is fully incompetent to have no profit). People like him should not be able to elbow people out of their own inheritance.
The guy is probably treating it as his primary job while the income split equally would actually give him just a side hustle
They have been pocketing the money all along. 😂. With a family like that who needs enemies.
He is going to show the cooked books. 😉
Or have a second set of books that make things look legit.
I’m only 26 and I used to watch the Waltons every night with my family 😂❤️
I'm 28, same here lol
Should've asked her if she's talked to the cousins to see where they stand. If any of them feel the same way she does, they could stick together and go after the brother.
Lady who inherited real estate from grandmother-if brother is doing something nefarious, isn’t she liable as a partner? She needs to get out.
Hire a forensic accountant
If you're not seeing any payments, this is time to get a lawyer involved. Option two is the only way that makes sense.
Forensic Accountant
I would also suggest you never be alone with him. And make sure that you have protection with you at all times. Many many people have been murdered because they started questioning where the prophets of a business were going.