partnership problems

croarker · #1 Jan 3, 2007, 07:55 AM

I Am A 30% Owner In A Small Company . It All Seemed Like The Company Was Doing Well,but Now I Find Out That The President And Treasurer Have Not Paid Out Payroll Taxes This Year And The Company Owes This Money ,what Is At Stake For Me And What Should I Do .. Should I Take Legal Action Againgst Them ? If The Company Files Bankraupty What Will Happen ? Hope It Doesnt Come To That .THERE IS NO MONEY THERE TO PAY THEM .

mr.yet · Jan 3, 2007, 08:02 AM

Review the accounting for the company, you own 30 % demand to see the books. If they did pay, tell them to pay them now.



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