This is not simply a case of 'business failure' due to circumstances beyond their control.
Oh and by the way, I have previously avoided this topic like the plague because I don't enjoy kicking people while they are down. But I also can't stand watching someone, or in this case, many people, being lied to and deceived.
Marc and Kim are the principle owners of this company and as such, they are the ones responsible for the actions of said company. They call the shots, not someone else. They take the risks, not someone else. And they have to accept responsibility for what happens, not someone else, even if it was not their fault that things went sideways. That's the way business works: you get all the credit and all the blame as well.
Nobody made them agree to sponsor junior players and then back out with no notice.
Nobody made them keep an entire prize fund in an unattended purse. (If that's even the truth.)
Nobody made them lie about payments made.
Nobody made them avoid phone calls and emails.
Nobody made them organize these events in the first place.
Nobody prevented them from filing their periodic reports with the state of Colorado, yet since the inception of the company, they simply never have.
These are the actions, or inactions as the case may be, of people who are clearly, good intentions or not, not capable of operating a business with honor and respect. There is simply no excuse and no justification for these repeated mistakes.
Health issues don't make you lie. Cheating employees don't make you avoid phone calls. A sluggish economy doesn't make you fail to file your reports. A death in the family won't make you make promises and then crawfish without the common courtesy of a simple phone call. The dog ate my homework doesn't fly when you don't even have a dog .
Do you get it? There are NO excuses for these personal failures to be upstanding business persons, I don't care who you are or what you've " been dealing with".
If Marc and Kim have any honorable bones in their body, they would own up to the truth, no matter how ugly, and do whatever possible to make things right. The first step being, admitting what you did wrong, truthfully, and then taking steps, no matter how small, to correct the situation, and this is simply not being done. Period. Case closed, end of story.
That said, to their credit, (sorta) at least they had the brains to register their company as an LLP. Which at face value, protects them to a certain degree from personal liability in events such as business failure. However, that protection only goes so far, as it relates to " the regular course of business ". In this case, I'm afraid that their LLP status will not entirely cover their asses because there are certain things that have happened that fall outside of their official business dealings. May the lord have mercy on their souls, and I truly hope they can bring themselves to make things right with the people they have mistreated in these various ways.
I wish them no harm and hate is not worth my time. Here's to the future .
Have a great weekend, get out and enjoy the sunshine.
EDIT: they have filed two periodic reports, and both appear to have been filed "late".
They are currently late filing their report once again and are considered noncompliant.