My former employer restructured the organization and eliminated my position. They offered me a severance package with the 2002 non-compete attached. upon the rehire in 2005 I did not sign a non-compete.
I formed a corporation with a friend in which we both invested money. The business folded after three months and he is suing me for all of his investment money back ($3,000). He resigned as a director, but retains his 50 percent of the shares.
I've invested money into our business and I feel like my partner is trying to cheat me out of my money. I have not said anything because I do not have proof. So I need help to figure out what I can do to guard my back. Our paper work is on the way, but I have not seen the actual paper work yet that proves that I'm 50 percent owner. So what can I do to protect my money and business?
The family run business I work for (I am not a family member), has had a lot of management issues of co-workers of mine (also not family members). Their continuous lack of dedication, professionalism and desire for selling has led to a loss in profit.
Is it true that if your personal credit is not great, but you own a corporation it is easier to get financing because your personal credit is not looked at? Also, if you own an LLC/sole proprietorship and something went wrong, your personal and business assets are in danger? My business was an LLC partnership, but the partnership was dissolved and I am the sole owner.