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Delaware Incorporation — converting LLC to C-Corp for funding

Started by desperate_business_owner_help · Mar 10, 2023 · 1,250 views · 12 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
DB
desperate_business_owner_help OP

I'm in a difficult situation and trying to figure out my next steps.

converting LLC to C-Corp for funding. I've been dealing with this for about 8 months now and the situation isn't improving.

I have already done some research online but the other party is not cooperating.

What are the risks if I pursue this? What's the likely timeline?

RL
RetiredLawyer_FL

I've seen this play out several times in my field.

What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.

TL
Mod_TermsLaw Moderator

I specialize in this area of law. Here's my take on the legal issues.

The legal framework here involves both federal and state law. At the federal level, the relevant statute. Your state may provide additional protections.

The practical consideration here is cost vs. potential recovery. For disputes under $10K, small claims court is often the best route.

TA
TenantRights_Advocate

Not a lawyer, but I have direct experience with this.

In my case, it took about 2-4 months to resolve. The key was hiring an attorney to send the initial letter.

CB
confused_buyer_2022

Have you tried reaching out to your state's labor board? They sometimes have free resources or mediation services.

SM
SeniorDevMike_PDX

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.

NH
need_help_homeowner_NC

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.

FR
frustrated_renter_IL

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.

AF
asking_for_friend_parent_MA

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

FT
first_time_business_owner_MA

NAL, but from what I've read, you should check your state's specific laws. That said, definitely get a lawyer to look at the specifics.

DS
DevOps_Seattle

I've dealt with this before.

The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.

PB
PatentAgent_Boston

Not a lawyer, but I have direct experience with this.

I ended up having everything documented, which cost about $3-6 but saved me a lot more in the long run.

RE
RemoteWorker_EU

I've dealt with this before.

The biggest mistake people make in this situation is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.

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