exfounder072019
New member
I left a company I co-founded and sold my shares back to the company after a falling out with my business partner several months ago. At that time my now ex co founder immediately cancelled our contract with a large payroll company and stopped all automatic withdrawal from our company bank account. There was still an outstanding balance that didn't get paid to the payroll company because they could not issue the automatic withdrawal. I was the one that signed the initial payroll contracts on behalf of the company, but my old co-founder is refusing to pay the balance. He says I should be the one to pay the balance. We were using the payroll service for several months before the cancellation. Will I be held accountable for the remaining balance? (~$1000) A debt collector has contacted us both for the balance. The company is a Delaware S Corp and operated out of Cambridge, MA.