Hoping this is the right category...
A couple months ago I was sent a message a group was forming and if I
was interested.
There are about 10 of us and after a couple weeks, I started doing
research and put most of my time into developing a plan we could use.
A day or so after I joined forces with a girl who started devoting
her time and knowledge.
We decided to create a business and asked each member to contribute
$100 dollars, each.
A week after getting the money together, My lady friend and I found out we
need lots more money to do what we need to start our business.
Through email messages I told the others it will take much more money
to begin this venture.
My lady friend and I told the other members of the benefits they
would receive for their financial contribution of $100. This was told
before realizing we needed much more money.
I never paid the $100 but I have incurred ALL the expenses... Domain
names, email software and web designs etc.
I would like to know how to get out legally from this group... I
would still want to honor what was originally promised but the time
and money needed is well over what was originally thought.
How can I exonerate myself from not being sued should the business
take off?
Would a non disclosure of their signing. For example: "I have read
and understand the 'investment opportunity' and will NOT pursue legal
action." Then they would sign their name.
I need advice as soon as possible to extricate myself. I do
practically all the work!
I'm willing to give the money back and still give them the benefits
of what I am doing...
A couple months ago I was sent a message a group was forming and if I
was interested.
There are about 10 of us and after a couple weeks, I started doing
research and put most of my time into developing a plan we could use.
A day or so after I joined forces with a girl who started devoting
her time and knowledge.
We decided to create a business and asked each member to contribute
$100 dollars, each.
A week after getting the money together, My lady friend and I found out we
need lots more money to do what we need to start our business.
Through email messages I told the others it will take much more money
to begin this venture.
My lady friend and I told the other members of the benefits they
would receive for their financial contribution of $100. This was told
before realizing we needed much more money.
I never paid the $100 but I have incurred ALL the expenses... Domain
names, email software and web designs etc.
I would like to know how to get out legally from this group... I
would still want to honor what was originally promised but the time
and money needed is well over what was originally thought.
How can I exonerate myself from not being sued should the business
take off?
Would a non disclosure of their signing. For example: "I have read
and understand the 'investment opportunity' and will NOT pursue legal
action." Then they would sign their name.
I need advice as soon as possible to extricate myself. I do
practically all the work!
I'm willing to give the money back and still give them the benefits
of what I am doing...