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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?
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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? |
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