I am curious as to the statue of limitations involving a
I am curious as to the statue of limitations involving a former company employee who misappropriated over possibly a million plus dollars.JA: Because laws vary from state to state, could you tell me what state is this in?Customer: NCJA: Have you talked to a lawyer yet?Customer: Several attorneys ,trustees etc were made aware of this several years back, I assumed after the company filed bankruptcy mostly because of ignorance, someone would have pursued this with the overwhelming amount of evidenceJA: What state are you in? And has anything been officially filed?Customer: North Carolina, No. I tried to seek some advice from the local authorities, however no one seemed to have the manpower and truthfully I was afraid to pursue as this person lives in my neighborhood.JA: Anything else you think the lawyer should know?Customer: I wouldn't even know where to begin, Its literally something you see on American greed ,
What is the best way for me to invest in an 18-month old
What is the best way for me to invest in an 18-month old high-tech LLC start-up company (that is going into round 2 of angel investment funding) while protecting against future dilution of my investment and possible liabilities that go beyond the amount I invest? The initial plan is ownership equity followed by employment a year or two later (currently the llc does not have the budget yet to compensate me). Are their alternative ways that I can defer the compensation while providing them with my professional services, in order to limit my investment risk and personal liability?
I previously owned a business with a partner that went
I previously owned a business with a partner that went under. We had opened an LLC together. Now I had signed over 50% of a website that I created when the operating agreement was signed. The business was the victim of a massive fraud resulting in the other partner receiving a promissory note in the amount of $25,000 and a note indicating that until the note was paid that he would be entitled to 25% of the proceeds of any sale of the web site or other intangible web assets.At this time the note is unpaid. The website does not offer/sell any product or have anyway to make a payment on it. It also does not make ad revenue or gather information on customers. It primarily acts as a solicitation looking for people to sell collectible *widgets* and then helps facilitate the sale. In a lien default judgement or forfeiture situation would it be considered an asset or an expense. Seizable? .Can it be sold to a competitor? Can I gift the page to a friend who wants to use it? Can I be forced to sell it>?
A friend owed his landlord for some back rent and had some
A friend owed his landlord for some back rent and had some financial problems. Didn't declare bankruptcy. The landlord went to small claims court in 2010 and got a judgement. Don't know the amount. Is there a statute of limitations on such judgements and if not, how can I find out the amount? I want to help him to clean up his financial problems.