Legal Question in Business Law in Colorado
Dishonest business practices/loss of company
In August of 2004 I was aasked/ begged to ''go in'' on another shop to combine our services. The shop owner had been a long time associate which we had shared services in the past. Do to health reasons the arrangement would be that i ran the shop and paid x amount of dollars a month to buy the owner out eventually. He wrote down the figures and i agreed. basically it would be a asset purchase over 2 years. I could never get a legal contract with the owner and had intercepted calls on him selling the equipment i was supposed to be buying. In the mean time I was paying half the rent and his utilities. over a 5 month [period i had to be on time, took no paycheck and basically ran his business. I had approximately 2500 clients that would call at any uncertain time for repairs to their cars. when the other owner got calls he would leave them on hold and pretty much shut any business i had down. I was pretty much an employee paying his bills. my employees would work on his cars and he would take the money and have me pay taxes on them. I am disabled and the arrangement got worse because of lack of income. I even worked on his customers vehicles and recieved no compensation. after the irs was in there several times i packed it
1 Answer from Attorneys
Re: Dishonest business practices/loss of company
Hi,
Are you wondering about what remedies you have? What is the law at issue? Can you sue this person?
Regardless, there are any number of issues involved. There could be claims of breach of contract, promissory estoppel, civil theft, fraud, misrepresentation and others. There is no way anyone can tell you the strength of your case without seeing this agreement and generally getting all the facts, figures and documents.
You should contact an attorney to determine your options. Good luck.
Related Questions & Answers
-
Wrongful termination I'm being terminated from my job for theft but have evidence... Asked 3/23/06, 12:01 pm in United States Colorado Business Law
-
Contracts between principals of a corporation As a principal and half owner of an S... Asked 3/02/06, 10:01 am in United States Colorado Business Law