• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.
  • If you need direct help with your employment issue you can contact us at admin@legalbeaglesgroup.com for further assistance. This will give you access to “off-forum” support on a one-to- one basis from an experienced employment law expert for which we would welcome that you make a donation to help towards their time spent assisting on your matter. You can do this by clicking on the donate button in the box below.

Even though employer paid salary, it claims it was a joint-venture partnership

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Even though employer paid salary, it claims it was a joint-venture partnership

    Several months ago I started working on a startup project with a small company. The company has promised to give me a monthly salary (lower than market rate) plus 15% shares from the project as my compensation. However, the agreement was verbal and we didn't write a contract.

    The company has paid me monthly salary for several months and my bank deposits have phrases like "February Salary" and "March Salary".

    The company is now claiming that the contract was a joint-venture partnership that is failed and I need to pay 15% of all the costs.

    I claim that this was an employment where I was offered 15% shares as part of my compensation.

    They never gave me pay slips and never paid taxes as far as I know.

    Can I legally prove that this was an employment contract and not a joint-venture contract?
    Tags: None

  • #2
    Since you do not have a written contract you have nothing to prove your perspective that you were to be paid salary plus given 15% of the shares in the company but likewise they have nothing in writing to prove that you owe them 15% of all the costs.

    You should be able to tell whether taxes were paid based on the salary paid in Feb and March.

    I would ask them to prove why they believe is was a joint venture partnership.
    If you would like a one-to-one expert consultation with me on your employment issue than I can be contacted by emailing admin@legalbeaglesgroup.com

    I do my best to provide good practical advice, however I do so without liability.
    If you have any doubts then do please seek professional legal advice.


    You can’t always stop the waves but you can learn to surf.

    You are braver than you believe, smarter than you think and stronger than you seem.



    If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

    Comment

    View our Terms and Conditions

    LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

    If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


    If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.

    Announcement

    Collapse
    1 of 2 < >

    Welcome to LegalBeagles


    Donate with PayPal button

    LegalBeagles is a free forum, founded in May 2007, providing legal guidance and support to consumers and SME's across a range of legal areas.

    2 of 2 < >

    Employment Law

    Are you having problems with your employer?

    Unfair Dismissal, Redundancy, Problems with Pay, Contract Issues, TUPE etc.

    Would you like one-to-one support?

    Contact admin@legalbeaglesgroup.com to discuss your problem.
    See more
    See less

    Court Claim ?

    Guides and Letters
    Loading...



    Search and Compare fixed fee legal services and find a solicitor near you.

    Find a Law Firm


    Working...
    X