Yeah, what you all have said is what I`ve come to the conclusion on. The account is cancelled already and we`re trying to figure out a payment plan for the card. It will definately get paid off, even if I have to work 3 jobs over the next 10 years to pay it off.
Just frustrating that`s for sure.
Lesson learned: Get ownership papers in a company before you start working and don`t depend on the good word of the others and secondly don`t open up a credit card for the company unless you own the company yourself. Cause no one else will treat it as important as you will.
Life goes on.
Thanks for the advice and comments.
In short when the business that I`m in with my partner (of which I still don`t own any shares after 4 1/2 years of work) needed some business credit cards I opened up an American Express card to help out. I didn`t realize at that time that I was personally guaranteeing the card. I thought it was on our business line because it`s never shown up in my personal credit report.
Well, fast forward to now, the company now owes a good deal on the cards and have defaulted on payments so AMEX called me and it`s hitting my personal record pretty soon.
What protections do I have being that this is a business card as far as payment is concerned? I know it`s a debt that the business has incurred but how do I shoulder it on the companies books and not me personally?
What kind of lawyer do I need to contact to get advice on this issue?
It`s frustrating needless to say. I`m getting out of this business soon but also wanted to make sure everything is ok with the credit card payments and what not.
There is a site out there that I`ve been to before but for the life of me I cannot find it anymore. They are a wholesaler of pretty much all kinds of things, from batteries, to watches, to napkins (I think).It isn`t DBL but another site and somehow the color in my mind is `orange`. They let you buy products by the pallet, box, etc and don`t require a lot of inventory, etc.Anyone know what/who I am talking about?They do not do dropshipping either I think.Thanks.~Allen
Hi there,I have a small e-commerce business (www.chumpmonkeygames.com) and I have been shipping using RedRoller.com as my primary `shipping portal`. Problem is that shipping costs are killing me on my store. I need to find a way to get some reduced shipping rates and am not sure who will have the best prices for me.So, who do you use and how did you get better rates? One thing I don`t have the ability is daily pickup. I know with UPS I can lower my rates with a daily pickup, but business isn`t at that point yet.Thoughts? Advice?Thanks.~Allen