Re: Business mis-management

I don’t have enough details of the agreement between you and the owner of the business to answer your question properly but, from your message, it seems that the payment of the bonus was conditional upon the business being sold, and that there was no set time when the business will be sold. If that is the case, it means that you only get your bonus when (and if) the business is sold.

As per your message, due to financial incompetence, the owner almost run the business into the ground. Whether you can do anything about it will depend on whether you have any proprietary rights ((or other interests) in relation to the business, e.g. if you are a partner in the business, as opposed to being simply an employee.

I suggest you see a solicitor in order to, based on the full facts, determine whether you have any rights or interests in relation to the business.