I knew the owner for 7 years he always kept his word on payment except the last time he order. I think he planned everything to order a large amount & then sell his business with a larger inventory. Is that fraud & what can I do if it is criminal matter.
Thanks for the help
2007-10-14 14:50:17 · 5 answers · asked by Peter kozanitis K 1 in Business & Finance ➔ Small Business
If he sold the business, then the new owner is responsible for payment. This assumes that the business was formed as a legal entity such as a corporation or an LLC. If it was a sole proprietorship, then the either the new business owner or the old owner is responsible for payment.
If you had a good relationship with the old owner, then ask if they bought the business or just the assets. If they bought the business, chances are they will pay your invoice. If they bought the assets, then the old owner is responsible.
No matter what, you need more information. First talk to the old owner, then the new owner. Somebody will probably be willing to pay.
2007-10-14 15:13:18 · answer #1 · answered by happybiled 2 · 0⤊ 0⤋
hello peter
with this kind of business,you have to make sure that you take at least %50 down, then after you submit the proof you should get % 25
the rest of the money is upon delivery...printing isa very high risk if you don't trust the people u r dealing with
in your case, this guy sold the pizzeria for a large amount of money,and you can't go after the new owner, so i advise you to start to file a claim in middlesex county court and also talk to the new owner about it ,and see if he can help you.
so ...please don't make accropolis mistakes and print withount any payments
2007-10-18 08:58:16 · answer #2 · answered by xsqwerdx 1 · 0⤊ 0⤋
Filing a police report is the first thing you need to do, to have it made official that you've not been paid for the sale.
A consultation with a lawyer (the first 1/2 to 1 hour is free) will let you know where you stand. Then you go from there. Yes it is fraud, you delivered merchandise that was not paid.
2007-10-15 01:37:25 · answer #3 · answered by Elaine M 7 · 0⤊ 0⤋
The new owner still owes you the money. If he doesnt pay, you sue. Then its up to the new owner if he wants to sue the old owner, but the money you are owed is the responsibility of the new owner
2007-10-14 22:54:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It's a criminal matter if you can convince the District Attorney that it's a criminal matter.
2007-10-14 21:57:55 · answer #5 · answered by Anonymous · 0⤊ 0⤋