Legal Question in Business Law in Florida
The stockholders agreed to sell our corporation. The payments were to go to a holding account - only the Corporate Treasurer had access to the account. Once all the payments were made, the stockholders were to convene to discuss distributions or reinvesting in another venture. There was a substantial amount of money missing. The Corporation sued the Treasurer. We hired a Law Firm. The Statute of Limitations expired for the Financial Institution's Records for proof of where the money was sent and what/who it was used for.
Do we have recourse against the Law Firm or the Financial Institution?
1 Answer from Attorneys
Any franchise attorney will say more facts are needed. When did the statute of limitations run? Did you hire the law firm before it ran? These and other details must be provided and analyzed. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Attorney
Franchise Foundations APC
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