Convertible Note Issue | convertible note maturity extension

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Illustrative scenario prepared by my practice.
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
Hypothetical question

Quick background on my situation — any input appreciated.

convertible note maturity extension. I've been dealing with this for about 11 months now and the situation isn't improving.

Has anyone been through something similar? What worked for you?

Illustrative response

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.

Illustrative response

I've formed companies in both Delaware and Wyoming. For a small business with no outside investors, Wyoming is usually better — no state income tax, no franchise tax, and strong privacy protections.