Shit.

[thereject]

It failed. I knew it. I told them it would happen. They didn't listen to me, they didn't give me the resources in time to make a difference. Project Greenthumb has failed, as has the tech arm with it. As of Tuesday my partners will begin litigation against me to recover their losses. It's my fault, it really is. I could have completed it on time. I

Comments

[dreadpiratesb]

You sued, personally? Not your company, you?!? And for failure to... follow best practices? Stealing money? ?!?

As for getting mixed up in lawyers... Ah, well. Another time.

Fucked. Up.

Them be jerks.

Go to Pennsic!

[thereject]

Basically I started a new company with these lawyers. The funding came from their law firm. Since the tech company is going to die after this project flop, the assets of the company will be tallied and divided, including the debt. Since I'm part owner, I get my share of the debt to the firm that loaned the seed money. The debt, unfortunately, outweighs the assets.

[kielbasa_007]

ok-
look; don't get a wedgie from a stray tommahawk here. it will be ok. We can talk if you want to come over on sunday.
lawyers are really good at compromise since it eats up their time to try to sue somebody that doesn't have money. Baska says don't forget the offer you had from the public waterworks.

i understand the irrational fear that happens when your on the wrong end of the pointy stick. Try not to let it in too deep. Corp america stat we can help with.

[laughing_piggy]

You certainly have a great way with words. :)

I'm gonna have to borrow, er steal, the wedgie-tommahawk thing!

[marasca]

Fuckers.

You're a smart guy, and you have good friends to help you out. It's a setback, I'm sure it will get sorted eventually.

Please don't drink yourself into an even deeper hole.

[purrevil]

Matt, give your local Small Business Development Center a call. I work for the Idaho one, but they are in every state. They have seasoned counselors on-staff that can review the situation for you, and give you guidance on what your options are. It's free and it's good. We actually have a deal with the local law school and have law students working on our clients stuff. We also have attorneys that we can call for advice, again, all at no-charge. I expect Texas has the same and better resources, because they are much bigger than Idaho.

Depending on what your legal entity of the business is, I am assuming since there are partners and they are lawyers, that personal assets won't be totally at risk because you are an LLP, S-corp or straight Corporation. And Texas may be different. Again, go see the SBDC and find out what can be done.

And I am sure sorry to hear about this. I hope everything works out.

[laruth]

I don't know what to say. *hugs*

Are you in Texas? Perhaps gurdonark can help - he's a lawyer in Texas....

[laughing_piggy]

Totally stupid outsider here, but...

Is there any chance at all you can still complete the project successfully if you are given more time? Deadlines are moved all the time, aren't they?

The world does NOT have an abundance of talented programmers. Really. I work for a teeny-tiny software company and it doesn't seem like they have such an easy time finding good ones quickly when they need one. You'll be fine!

You probably should take the problems apart; 1) getting a job and staying self-sufficient and 2) dealing with the potentially impending legal issue. Since 2 hasn't happened yet, start with #1. Get your resume all brushed up and start tossing it around ALOT!

Oh, one more thing... drinking ain't gonna help at all.