Legal

Ask a lawyer and get answers to your legal questions

Ask a Lawyer,
Get an Answer ASAP!

I worked as a 1099 President start up firm and deferred

Customer Question
I worked as a 1099...
I worked as a 1099 President for a start up firm and deferred most salary while the firm raised $
The firm was not successful raising $. the founder/owner has elected to sell the asset to a private investor. The private investor has chosen to assume some liabilities but not mine,
The remaining original firm - who owes me over $100k - likely has no way, present or future, to pay me
Should I not place some type of lien on the asset, or somehow prevent sale unless my debt is paid?.
Submitted: 3 years ago.Category: Legal
Show More
Show Less
Ask Your Own Legal Question
Answered in 30 minutes by:
6/8/2015
Lawyer: LawTalk, Attorney replied 3 years ago
LawTalk
LawTalk, Attorney
Category: Legal
Satisfied Customers: 37,876
Experience: I am a practicing attorney with more than 3 decades of experience in the legal field.
Verified
Good afternoon,
I'm Doug, and I'm very sorry to hear of your situation. My goal is to provide you with excellent service today.
While a lien would be appropriate, because you are a 1099 employee, that means that you are merely a creditor of the company and not a legal employee entitled to wage protection under PA law.
For you to be able to file a lien against the assets of the business, you must first sue the business and get a judgment. Only then are you eligible for file a lien.
If the new owner specifically refuses to accept your wage claim as part of the liabilities, then you have little choice but to sue the employer/company and seek to collect personally from the Owner who failed to protect your legal interests in the sale of the company. I might suggest getting your suit on file immediately, and as soon as the sale occurs, amend the complaint to add the new owner as well to the suit as a new Doe Defendant.
You may reply back to me using the Reply link and I will be happy to continue to assist you until I am able to address your concerns, to your satisfaction.
Kindly, remember to rate my service to you. That is how I am credited for assisting you.
I wish you and yours the best in 2015,
Doug
Ask Your Own Legal Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask LawTalk Your Own Question
LawTalk
LawTalk
LawTalk, Attorney
Category: Legal
Satisfied Customers: 37,876
37,876 Satisfied Customers
Experience: I am a practicing attorney with more than 3 decades of experience in the legal field.

LawTalk is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Not only did he answer my Michigan divorce question but was also able to help me out with it, too. I have since won my legal case on this matter and thank you so much for it.

LeeMichigan

< Previous | Next >

Meet the Experts:

Ely

Ely

Counselor at Law

24,658 satisfied customers

Private practice with focus on family, criminal, PI, consumer protection, and business consultation.

INFOLAWYER

INFOLAWYER

Attorney

22,843 satisfied customers

Licensed attorney helping individuals and businesses

JPEsq

JPEsq

Attorney

2,132 satisfied customers

Experience as general attorney, in house counsel, SSDI, Family Law attorney, and law professor

Law Educator, Esq.

Law Educator, Esq.

Attorney

44,266 satisfied customers

JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law

Ellen

Ellen

Lawyer, Consultant

8,238 satisfied customers

25 years of experience helping people like you.

Guillermo Senmartin

Guillermo Senmartin

Lawyer

301 satisfied customers

Principal Attorney at Guillermo J. Senmartin, P.A.

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

17,183 satisfied customers

Multiple jurisdictions, specialize in business/contract disputes, estate creation and administration.

< Previous | Next >

Related Legal Questions
Do you know the laws in utah. Can an LLC that has been
Can an LLC that has been voluntarily dissolved now for two years, sue me for something that occured back in 2007? … read more
Asad Rahman
Asad Rahman
Attorney
J.D.
2,555 satisfied customers
We were reviewing the Registry of Deeds and found that there
We were reviewing the Registry of Deeds and found that there is a Execution of Money Judgements on our personal real estate property which is our primary residence in Massachusetts. Is the Creditor ab… read more
Barrister
Barrister
Attorney/Landlord/Realtor
Doctoral Degree
38,287 satisfied customers
Hello, three months ago we invested 5k in an LLC that was planning
Hello, three months ago we invested 5k in an LLC that was planning a small music festival. We signed legal documents giving us .5% share in the company. One week before the event the principal indicat… read more
Dimitry K., Esq.
Dimitry K., Esq.
Attorney
Doctoral Degree
17,183 satisfied customers
OK, here goes, was one of a number of investors in an RV company
OK, here goes, was one of a number of investors in an RV company located in northern Indiana. The company took a huge hit with the collapse of the economy in 2008-2010. At that time the investors agre… read more
FraudExaminerNate
FraudExaminerNate
Managing Member
Juris Doctor
286 satisfied customers
I have a contract to raise $5.8M in capital for a biotech firm.
I have a contract to raise $5.8M in capital for a biotech firm. Negotiations started with an exclusive arrangement but Ventrix wouldn't agree. We settled for (1) private Investor, (5) strategics and (… read more
Legalease
Legalease
Attorney At Law
Doctor of Law w/ highest honors
15,719 satisfied customers
I have gone into bankrupcty. my soon to be ex husband has put
I have gone into bankrupcty. my soon to be ex husband has put our old house on the market . there is a short sale offer. there sre 60 thou tax lien on the house in his nameand 19 in my name as well as… read more
Brandon M.
Brandon M.
Attorney at Law
Juris Doctorate
12,463 satisfied customers
Background: Our company, LLC had an initial private offering
Background: Our company, LLC had an initial private offering in that ended in 2009. It was a Reg D 506, registered with the SEC and all. At that time, we raised $550k of the 2.32M we were attempting t… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,773 satisfied customers
i own 33.3 in my company. im the V.P. of it. My wife owns
i own 33.3 in my company. i'm the V.P. of it. My wife owns 33.3 & so does a third party, and he is the President. I want out! I have a 2006 truck that is own by me, but the President is acting lien ho… read more
Daniel Solutions
Daniel Solutions
Doctoral Degree
5,212 satisfied customers
I am the founder of a company who has 1. been withheld
I am the founder of a company who has: 1. been withheld a position in the company 2. the VC firm continuously dilutes our shares 3. VC firm wil not divulge enough information in order for me to be abl… read more
Ely
Ely
Counselor at Law
Juris Doctor
24,658 satisfied customers
Is it worth filing bankruptcy once a fifa is filed against
Is it worth filing bankruptcy once a fifa is filed against you. And can they garnish my wages and take monies from my bank account.… read more
Maverick
Maverick
Doctoral Degree
6,338 satisfied customers
Hi, I am co-signor on mortgage loans for a property for which
Hi, I am co-signor on mortgage loans for a property for which I have a warranty deed passing title to my ex boyfriend. If he defaults on his loan or asks the bank for deed in lieu, can you tell me wha… read more
LawTalk
LawTalk
Attorney
Juris Doctor
37,876 satisfied customers
I was approved to buy a second home here in Las Vegas. My current
I was approved to buy a second home here in Las Vegas. My current home is probably about 100K underwater. If I buy the second home and move in, and I can't rent out my current home for the right price… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
20,520 satisfied customers
Can a sole proprietor business with a tax lien be transferred
Can a sole proprietor business with a tax lien be transferred over to another owner or sold to another owner?… read more
FLACORPLAWYER
FLACORPLAWYER
Doctoral Degree
1,750 satisfied customers
I have a crisis. the crisis is i have a old credit card bill
I have a crisis. the crisis is i have a old credit card bill that was charge off, and it was brought by someone else a law firm. I was told that if they was to file a lien against my property that the… read more
Attorney 1
Attorney 1
2,704 satisfied customers
I would like to find out the procedure for filing a lien against
I would like to find out the procedure for filing a lien against a Massachusetts company that owes me money.… read more
BizMatters-law
BizMatters-law
J.D.
666 satisfied customers
In the state of Nevada, if you default (forclose) on a 1st ...
In the state of Nevada, if you default (forclose) on a 1st and 2nd mortgage that is a second home (primary residence in another state) can the lenders come after other assets? The second mortgage is h… read more
Bill F.
Bill F.
Associate Degree
1,110 satisfied customers
I have a property that I am attempting to sell as a short ...
I have a property that I am attempting to sell as a short sale. I understand that if the property is sold and the 2 lenders are not paid in full that I will be given a 1099 for the difference owed on … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have a business partner that refuses to turn over books ...
I have a business partner that refuses to turn over books and records on our corporation. Bank records would indicate there are questionable tranactions and out of the ordinary money transfers to his … read more
Jane T(LLC)
Jane T(LLC)
Master's Degree
18 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x