Hi, I have worked for a privately owned Australian software company as a sales person for 16 years. From 2007 -2014 my employment agreement included a 7.5% profit share based on company tax returns. The owners never showed me a tax return and always stated they didn't make a profit so there was no profit share. I didn't argue too much as I valued my job and did not want to risk being let go. The company has since been acquired (2018) by another larger private Australian company and the original owners have left. I am still with the business.
My question is, can I ask (demand) the original owners now for evidence of company tax returns for 2007-2014 and if there was a profit, demand my share? Are the original owners liable or has that now transferred to the new owners? Have I left it too late?
Thanks, David
My question is, can I ask (demand) the original owners now for evidence of company tax returns for 2007-2014 and if there was a profit, demand my share? Are the original owners liable or has that now transferred to the new owners? Have I left it too late?
Thanks, David
