The corporation was just a shell. There were two principles: the builder and his wife. All money earned by the corporation flowed directly to him personally. The only reason it was setup as a corporation was to keep him from getting sued personally, I'm sure.
And yes, he'll have assets...
On September 25 of 2007 I entered into a purchase agreement with a contractor for a house he had built and was selling. The contract included a list of items to be completed, a provision for a 1 year builder's warranty (with no exclusions in the contract), and a closing date of November 2nd...
The builder actually finally managed (after 6 months) to return some form of communication, in this case, an email.
There are a couple of specific issues that he claims he is not responsible for, which I disagree with, as part of the contract.
#1: In the contract, I specified that touch...
This Is In Faulkner County, Arkansas.
My wife and I purchased a house in November of 2007. During the process, I created all of our contracts (reviewed by an attorney, a real estate agent, title company, and the underwriters at the bank) and made sure everything was spelled out plainly...
This is a little complicated, but I am hoping to get some sound advice.
I am owed money for services rendered. I have a 1099 agreement with the company, the company paid the money to a "district manager" to distribute pay to me. The manager was overdrawn on his bank account and could not...