Fill and Sign the Letter Documents Form

Instruction: This is a model letter. Adapt to fit your facts and circumstances. DATE NAME ADDRESS LINE 1 ADDRESS LINE 2 CITY , STATE ZIP CODE VIA HAND DELIVERY Re:       Dear       : I apologize for the delay in responding to your letter of       . I appreciate your patience. With regard to Request No. 1 and 2, it is my understanding that no such documents exist. I assume that you are asking for these documents because they are referenced in the organizational minutes of the corporation. However, as I explained to you previously,       ,       and       apparently used the standard minutes provided with their corporate kit and did not specifically include this language because any such assignment of subscription rights or proposal existed. I would note, however, that the corporate documents do reflect that       was transferring all of the assets and liabilities of his sole proprietorship as of       to the corporation in exchange for the stock issued to him and his wife. As to Request No. 3, it is my client's position that you are not entitled to any financial statements of the corporation from       through       . During this period, the business was a sole proprietorship and       owned no interest whatsoever therein. As a result, we do not believe that this request is proper or relevant to the issues between the parties. We are agreeable to providing you the financial statement for       because this statement reflects the assets and liabilities of the sole proprietorship that were transferred to       in exchange for the stock issued to       and       . As you requested, a copy of the deposit slip showing a check from       in the amount of $       is enclosed herewith. It is our position that this $       represents a loan from       which was evidenced by a Promissory Note. It is my understanding that the parties had agreed and provided in the Promissory Note that       had the option of repaying the Promissory Note by issuing to       25% of the outstanding stock of       upon incorporation in       . Further, it is my understanding that the Promissory Note was repaid by the issuance of 250 shares       to       , that       returned the original Promissory Note marked "paid" and that my client, to the best of his recollection, subsequently destroyed it. Finally, enclosed herewith please find copies of the checks issued to       from       through his date of termination. Also enclosed you will find a copy of a Personal Day and Vacation Ledger regarding       which illustrates that       was absent seven days without pay from       through       .       paid       for this period even though he did not have any personal or vacation leave available. It is our position that this pay offsets any amounts which       claims to be due from       . In fact, it is my calculation that       was over paid one day and we hereby make demand that such amount be repaid to Specialty. A copy of       regarding personal days is also enclosed for your benefit. Should you have any questions or would like to discuss this matter, please do not hesitate to call. Sincerely,       By:             :       Enclosures cc: