I needed to add this to my last post. The client, up to now has merely been a very small contributor to our bottom line, less than $500 USD a year. She has now decided to expand her business and the opportunites that she is now requesteng help with are worth between $200,00 - $500,000, over a...
When speaking with the client under the capacity of Corp A., she presented some new opportunitites that would be of substantial value to Corp A., at that point he "made a decision to tell her about Corp B." and noted that "there is nothing to resolve with the client".
My jurisdiction is: New York
- I am am the majority owner of an IT consulting business with one partner, in an S-Corp. (Corp A.)
-Our business is project based with some ongoing support. There is not a steady stream of cash. That is, our income from this business changes from month to...