If i were in your position, i would 1) not quit, just become generally unavailable except for when you actually have free time (an hour two a month) 2) i doubt you had a lawyer look at the original agreement, because that clause about you quitting and voiding the entire “investment “ doesn’t sound like it would be enforceable. 3) legals fees in the US make suing over this unlikely to bear any fruit.
My only reservation is that this all occurred within the period of a few weeks. Which is an amazingly short period of time to go from “this is worth making a profit share agreement” to “i closed the llc”. Which makes me think that maybe this isn’t the first time it’s happened and there may be other victims. I would do some research and if I find evidence of an ongoing scam I would file a police report
And follow up with the local prosecutor’s office.
If i were in your position, i would 1) not quit, just become generally unavailable except for when you actually have free time (an hour two a month) 2) i doubt you had a lawyer look at the original agreement, because that clause about you quitting and voiding the entire “investment “ doesn’t sound like it would be enforceable. 3) legals fees in the US make suing over this unlikely to bear any fruit.
My only reservation is that this all occurred within the period of a few weeks. Which is an amazingly short period of time to go from “this is worth making a profit share agreement” to “i closed the llc”. Which makes me think that maybe this isn’t the first time it’s happened and there may be other victims. I would do some research and if I find evidence of an ongoing scam I would file a police report And follow up with the local prosecutor’s office.