From January 2012 to June 2012 I was employed as the CFO of a family member's start-up. Prior to May 1, 2012 the start up was a DBA. The owner had me register it as a corp on May 1, 2012.
When I joined, the firm was in a downward spiral, and as such, it is now defunct. The firm had $200,000 in accounts payable to one vendor at the time of bankruptcy. The company (a Mexican firm, if that helps) first tried suing the owner, but he declared bankruptcy. The only records of me and the company are the corporation filing documents listing me as an agent of the company. The debt was taken on before my time at the start up.
Today I received a letter from a local law firm asking me for payment on the debt. I figured it is a scare tactic, but I would like to know if I am liable in any way.
Thanks.I don't know if this helps, but here are some more details: I was never officially an employee of Mi Guayabita. I was more of an adviser to MGC. As a corporation, MGC only existed from Mid april until June 2012. I never signed anything other than the incorporation as an agent. I do not, nor did I ever, have an ownership stake in the company. When the agreement started (which the founder, and only the founder) signed, the company was a DBA circa early 2011. I never presented myself as an owner of the firm, nor did I sign anything implying I was. Thank you everyone.