I own 3 small business with my brother. Each is incorporated seperately, with less than 10 employees each. I received notice of summons regarding overtime pay from a former employee claiming she worked 50 hours regularly, which is false.
I have moved overseas, my businesses are not doing well, shut one down last year, looking to shut one down or transfer it (the one where the employee used to work at) I used to own 2 houses they were foreclosed, the same my brother's houses.
We had a similar situation 4 years ago with a former emplyee (friend of the one who is currently trying to sue us) and settled for $6000. This time we don't have the money, businesses are at a loss. If there is a judgement against us can they go after my other businesses? assuming they improve in the future?