Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Labor Law (https://www.askmehelpdesk.com/forumdisplay.php?f=542)
-   -   Promises (https://www.askmehelpdesk.com/showthread.php?t=755112)

  • Jun 23, 2013, 05:49 PM
    fontainejavier
    Promises
    Question: I helped start a business with my brother in law from his garage. I stood on any given day anywhere from 2:00 am - 3:00 getting orders ready. He promised me 10% of the company when he opened up his business. Building was rented, business was started and I am still waiting for my 10%. He says too much bills and not enough money coming in. Would I be able to sue him?
  • Jun 23, 2013, 05:52 PM
    smoothy
    Do you have any of this in writing?
  • Jun 23, 2013, 06:40 PM
    AK lawyer
    You understand that 10% of $0.00 is $0.00, right?

    What business form is it, a corporation, LLC, partnership, or sole proprietorship?

    And which state is it in?

    Finally, I note that you put this in the "labor law" forum. Since he promised you a percentage of the business ("equity"), rather than a wage or a salary, why did you put it there, instead of the "Corporate Law" forum?

  • All times are GMT -7. The time now is 02:33 PM.