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What if someone stops paying their share?

When someone doesn’t pay their portion of shared expenses, it can create strain—but Joynt helps reduce the risk. Your group’s Operating Agreement outlines financial responsibilities and what happens if someone falls behind.

Plus keeping your reserves fully funded will give you a cushion if something goes wrong.

Joynt also tracks who owes what, making it easy to stay transparent and accountable. In serious cases, the group may vote on next steps—which could include buyouts or legal action depending on your agreement, but the benefit of Joynt is all of this is prescribed early on so there are no surprises.

Important Disclaimer

The information provided in this FAQ section is for general informational purposes only. All information on the site is provided in good faith, however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the site.

Joynt is not a law firm or an accounting practice and does not provide legal or tax advice. The content of these FAQs is not intended to be a substitute for professional advice. We strongly encourage you to consult with a qualified attorney and a licensed tax professional to address your specific needs and circumstances before making any decisions based on the information provided here.

Your use of this website and the information contained herein does not create an attorney-client relationship between you and Joynt or any of its employees.

 

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