It was recently brought to my attention that a new member is actively engaged in illegal business activity which has resulted in both a personal debt and unreported off the books income.
In light of these behaviors, employment status has been terminated.
However, there was a verbal offer of minority membership in exchange for active employment at the company. There was no exchange of money. From what I know about verbal contracts, I am a very worried in regards to his claim. Does the illegal activity give me the right to cancel the verbal offer??
The LLC is Manager Managed. Employee has participated in company for 6 weeks with minimal services have been provided and member has not fulfilled there agreed upon services.