Business
I am closing my business, I have investors but they do not own the company, if I close my company would I be responsible in paying back investors?
Asked on 3/28/09, 3:41 pm
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
Re: Business
It depends upon your original agreement with them.
Answered on 3/28/09, 4:54 pm
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
Re: Business
It depends on how they invested and what the assets of the business are and whether you personally guaranteed the investments.
Answered on 3/28/09, 7:05 pm
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