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Q: Default on a business/employee contract ( No Answer,   0 Comments )
Question  
Subject: Default on a business/employee contract
Category: Business and Money > Employment
Asked by: luke021164-ga
List Price: $15.00
Posted: 27 Jul 2003 03:19 PDT
Expires: 21 Aug 2003 01:51 PDT
Question ID: 235586
I am an employee of a privately owned executive search firm and
receive 50% of all deals made as income. There are no benefits and
income is entirely generated on a commission basis. There is an income
payment schedule, part of the contract. Because business has been poor
in 2003 for the firm, my income has been severely curtailed despite
the fact that I have $25,000 of available commission generated,
unencumbered cash/income in my
account that I was withdrawing at a rate of $2,000 per week. My earned
income
is being used to carry the firm through troubled times.. What are my
options and which is the best option financially?
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