28 years ago my father was involved in a bar fight. He was attacked from behind and swung around and punched the guy who was attacking him. Unfortunately, he had a beer bottle in his hand when he punched the guy. Breaking the bottle, cutting up his hand pretty seriously and putting a fairly good...
In the last day I have found out that my business partner has been meeting with another individual (a person that we work directly with at one of our customers) to start up a competing business.
There are 3 shareholders of "our" company; 45%, 45%, 10% shares. We each have a position on the...
There is a way for him to leave but he will only get book value. We're unsure what his motives are. One moment he is working hard for the better of the corporation, the next he is doing everything humanly possible to tear us down.
My jurisdiction is: New York State
With the below Shareholders agreement language, can 2 shareholders, consisting of a total of 55% share ownership, involuntarily remove a 45% shareholder?
Our Shareholder agreement states:
(b) Voluntary or Involuntary Withdrawal or Disability of a...
My jurisdiction is: New York State
I am a 45% shareholder of a S-Corp along with 2 other shareholders. The common stock is divided 45%, 45%, 10%. The 3 of us plus our CFO sit on the Board of Directors. For the last 10 months the other 45% owner (Mr. Y) has begun to conduct himself in a number...
My jurisdiction is: New York
Back in 2003 I brought on a business partner for my very young business. As part of the deal I gave him 50% of the Common Stock. At the time, we signed a "Shareholders Agreement". At the beginning of 2008 we each gave 5% of our shares (10% total) to a 3rd person...