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?
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.
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.
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.