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Reg D / Private Placement — bootstrapped to funded transition

Started by AgentBroker_TX · Jun 14, 2023 · 1,647 views · 17 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
AB
AgentBroker_TX OP

I've been trying to resolve this on my own but I'm stuck.

bootstrapped to funded transition. I've been dealing with this for about 10 weeks now and the situation isn't improving.

I have already consulted briefly with a lawyer but did not get a clear answer.

Am I overthinking this or is this a real legal issue worth pursuing?

NE
newbie_employee_advice

NAL, but from what I've read, you should send a written demand. That said, definitely get a lawyer to look at the specifics.

NS
newbie_student_NY

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.

VA
VCAnalyst_SF

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.

JC
just_curious_seller_NC

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

TL
Mod_TermsLaw Moderator

I've handled similar cases. 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.

Before taking legal action, consider sending a formal demand letter. In many cases, this alone resolves the issue.

RL
RetiredLawyer_FL

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.

IG
InsuranceGuy_FL

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

I ended up hiring an attorney to send the initial letter, which cost about $2-4 but saved me a lot more in the long run.

WD
worried_dev_NY

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.

HC
HRManager_Chicago

I went through almost the exact same thing.

I ended up hiring an attorney to send the initial letter, which cost about $2-4 but saved me a lot more in the long run.

TA
TenantRights_Advocate

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

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

FB
frustrated_buyer_today

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

AF
asking_for_friend_student_2024

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

DW
desperate_worker_2024

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.

NH
need_help_tenant_TX

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.

PN
Photographer_NYC

I went through almost the exact same thing.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

NH
need_help_student_GA

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

OD
OpenSourceLawyer_Dan

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

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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