Long story short I bought into my salon company for $27,500 at 3 shares. It’s been 1 year and basically 8 months. I’ve come to find out that my two other partners (mother and daughter) have used salon cards and money to buy personal things and pay for personal things. They are putting some of it as distributions. The amount I’ve made doesn’t reflect the amount they would have “profited”
I want out. I’ve been told I can’t because of the amount of $$ they have invested into me for training. I also do not think that the money is even there to pay me back. It sucks that I’m a good person who wanted more in life and to help others coming into our salon grow.
What do I do? How do I get out of it and get paid back some of my money. Nothing has been done right as far as being honest where the company was and currently is until I got into our books. They withheld information and made everything look pretty to me. Our accounts have gotten down to 0 at times and we have bounced payroll too.
Help!
submitted by /u/Agreeable-Paint4783
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