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IANAL but I think it depends on the break up. If you resigned from the company then that means you don't have any legal control of the funds. If you are still a
by JamesBarney 3y ago
IANAL but I think it depends on the break up. If you resigned from the company then that means you don't have any legal control of the funds. If you are still a valid officer of the company than paying debts you owe shouldn't be an issue.
Not paying the offshore devs could also theoretically lead to a lawsuit. A lawsuit for not being paid is an easier lawsuit to win than suing a business partner for paying valid expenses the company had accrued.
But you should definitely talk to a lawyer.
- leereeves 3y ago> If you are still a valid officer of the company than paying debts you owe shouldn't be an issue. Assuming the company is solvent. If the company is bankrupt then preferential payments to creditors can be an issue.
- JamesBarney 3y agoIf you are actively going through bankruptcy there are usually restrictions on payment. You can get in trouble if your company has a lot of debts and you "pay" your uncle a million dollars for a bs job or you gives yourself a bonus. But paying devs that built something for you in the ordinary course of business is not really going to get you in trouble in any but the most extreme circumstances.