[Anonymous]

On 1/1/14, I “bought” out 1/2 of my bosses firm. We have a TIN, are registered with the Secretary of State as a partnership/LLC, and we have a firm permit from the State Board. The only problem is that I hadn’t seen the Buy/Sell agreement until September! Yup, 9 months after the fact that I forked over all of my life savings to buy something that I still don’t have a clear picture of what I’m buying. I’ve asked for financials, but nothing has been forthcoming. When I finally saw the Buy/Sell I almost had a heart attack. There is one little sentence, buried deep on the last page that says “I will maintain the employment of one employee for a period not less than 10 years.” WTF!!! In my opinion, no one is worth a 10 year contract, unless they are fully licensed and basically super CPA. This person is not.

I was already stressed out beyond belief with work that no one seems to know/or care how to do. For example, one governmental client’s information sat on a table behind my desk for eight (yup 8) months and no one touched it. I can only assume that they were waiting on my to do it. I managed to get it all done in less than 48 hours. No I didn’t sleep at all during that time, and I delivered it to the client during their monthly meeting. I was the one who took a public a$$ chewing. Now I’m not one of those women who goes through life with her skirt tucked up in her pantyhose. I like things done promptly and accurately. Getting publicly humiliated is not high on my list of priorities.

But this was evidently the straw that broke the camels back, so to speak. My health began a rapid decline. My doctor says I’m in the middle of “hypothyroid hell” which is fairly unheard of since I have do not have a thyroid thanks to thyroid cancer. I’m depressed. I can’t sleep. I can’t think clearly. I hurt everywhere and I have this constant “buzzing” all over my body as if I’m running a marathon, but my brain has the parking break on. I’m a freaking mess. My doctor is treating the symptoms but there isn’t anything to do but wait until my TSH reaches a normal level. A healthy person has a TSH of less than 5. Mine is currently 42.15. That’s not good no matter how you look at it.

So my questions to everyone are:

Did we have a partnership?

Am I entitled to 1/2 of last years profits?

Can I get my money back?

What is the state board going to do?

I have a building of my own that is 95% complete. Should I just go get my license off the wall and start from scratch?

I have 4 clients, my favorites by the way, who have told me they are going where I go. Is this unethical?

Any help or insight is greatly appreciated. Oh and did I mention that I feel like a freaking fool! Because, yeah, I do!

[mla1169]

I just feel bad because I thought he and his family were like family to you (and I do realize even family members will screw each other over in a heartbeat.) but at the very least I'd think the blood, sweat and tears you put in to his business would count for SOMETHING at the end of the day.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Author]

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