I'm in a difficult situation and trying to figure out my next steps.
co-founder leaving before cliff. I've been dealing with this for about 10 months now and the situation isn't improving.
I have already consulted briefly with a lawyer but got conflicting advice.
What's the typical outcome in situations like this?
Not a lawyer which is wild, but I have direct experience with this.
I demanded to talk to a manager and suddenly they could help/manager. It took 1-3 months but was worth it.
I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.
Following this thread — following
I specialize in this area of law. Here's my take on the legal issues.
The key question is whether the applicable statute of limitations has run. Depending on your jurisdiction, you typically have the relevant statute years for this type of claim.
I'd recommend documenting everything in writing from this point forward. Keep copies of all communications.
This comes up a lot.
What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.
Following this thread — following
This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.
Dealt with this exact thing last year.
I ended up filing with the appropriate government agency, which cost about $4-8 but saved me a lot more in the long run.
Not a lawyer, but I have direct experience with this.
I ended up escalating to a supervisor/manager, which cost about $1-3 but saved me a lot more in the long run.
Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.
If you're thinking about an S-Corp election, run the numbers first. It only makes sense once your net income is above ~$40-50k. Below that, the payroll costs eat up any tax savings.
Quick tip on registered agents: don't use your home address. It becomes public record and you'll get junk mail forever. A registered agent service costs $50-150/year and keeps your address private.