Legal Question in Business Law in New York

A quickie Q&A platform like this is not going to be able to offer any meaningful answers so you are indeed advised to consult with a lawyer in private and make sure everything is understood.

As I see it at first blush however the tax obligation belongs to the actual business owner and attributed to its principals if left unpaid. Unless there is written contract that makes you liable for the tax bill I cannot see how this is your responsibility. If you are under some contract that obligates you then you may have a legitimate dispute on your hands. On one side the 5K remaining that you claim you get back and on the other the tax bill the business owner claims you are responsible for. I urge both parties to try and work it out because going to court can be expensive.

Again, talk a lawyer in private so all the facts can be clearly understood.

If you would like to discuss further over a free phone consult, feel free to contact me anytime that is convenient. Our firm is now referred by the American Bar Association (see under the New York section):

http://www.americanbar.org/groups/delivery_legal_services/resources/programs_to_help_those_with_moderate_income.html

Kind regards,

Frank

www.LanternLegal.com

866-871-8655

[email protected]

DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed on the basis of this posting.

If nothing is in your name and there are no formal agreements, it is not clear what is your obligation to pay the taxes or even continue to be involved with the business. Furthermore, even if you did not have written agreements as to your involvement, you can still demand that you be paid for your past work in the business.

Consider retaining an attorney for a consultation so the facts can be flushed out and a course of action figured. These consultations are not expensive and will give you a clearer understanding of your rights, obligations and options.

Contact me directly to continue.

Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

email: Info (@) TheLegalists (dot) com

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Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. No intention exists to create an attorney-client relationship or any other special relationship or privilege through this post. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.

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