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Joined 1 year ago
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Cake day: November 20th, 2023

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  • Ouch. So basically instead of paying you to revamp the store he got you to pay him and do the work, and then shut down anyway after a few weeks?

    Sorry you got hosed on this one. But here is where you may have something.

    Since the company was dissolved: All assets and IP stay with the dead company, unless they are sold. All debts should be paid to outstanding balances. Any remaining funds must then we disbursed according to share percentages, in your case 5%.

    You do not have any interest in a new company formed, nor does he have the right to use assets from the former company without reimbursing you, as you have a 5% stake in those assets.