I was the #2 in a 2 person company and recently parted ways with the company. The company wasn't in good shape when I joined and after being there for a few months I realized I needed to leave. The company had awful bookkeeping practices and was in about $5,000 of debt when I left. My name was on one of the company cards, so before I left I closed the Bank of America account. To do this I needed to transfer the debt out of the credit account and make it $0. I transferred the debt from one account to the business owners another account with a different bank. I then paid myself what I was owed, about $2,000. This was all done through PayPal. So the total was $7,000.
The business owner isn't in the best mental state of mind so he is having his dad help with business matters. Unbeknownst to me, the account I transferred from also had his daddy on it, so his dad so the transaction, disputed it with the bank, and got the payment to stop. After the payment was stopped I was $7,000 in debt with PayPal. I just paid off the PayPal debt because I didn't want it to go to collections.
What is my best course of action to getting the $7,000 back? Thanks
You don't join and unjoin LLCs. By thinking you could, without a lawyer, and tinkering with a companies money, likely without authority (and doing it in a botched way) you are probably out the $7000 and maybe at risk of being sued. Get a lawyer. There were ways to address this right long ago. The legal fees to try and fix it probably are more than you claim, and you may have no claim. But let a lawyer look at it and learn from this - never enter a business without your own attorney.
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