I have a movie I rented last Saturday and it's already a day late, and I really don't want to go out in the dark alone so I was thinking to pop it back in the morning. How much do they ...
termed "TMX" as a marketing campaign. I wonder how much $$ Fisher-Price will make off this possible top toy for Christmas..? I'm sure those focus groups at the toy company will pay ...
After a while I noticed that no price at wal-mart ends in the number 9. I find it to be very strange and cult-like. Has anyone else noticed this or know the answer (obviously a price that ends in 9 ...
I went to their web site. Personally, I think they are distributing their wealth in an incredibly efficient and benelovent way. Do you agree? Any possible way to better allocate those Billions of US ...
so the vnext day on 20th jan i send mail to kary mail id mentioned on IPO with request to cancel any one of my application but till today i hadnt got any feedback from there side so nw will i have to ...
i want to major in business. and i want to eventually be the CEO of a big business. however, i need to know what to major in, what classes i should consider, and about how long it will take me. ...
How many of you out there are sick, tired and fed up with Capital One's credit cards. This company sucks big time. I tried to register my card online and I recieved an error message saying "...
Is it for one company separated from its parent companies completely?
or, the parent company still retain the biggest stocks, while one company distribute the other stocks?
...imagine a two-week delay on a project caused by a simple oversight on my part. The managers don't know yet but they will find out sooner or later one way or another.
There are three owners in the company 1=35% 1=33% and myself 33%. I borrowed money at the beggining of the year before these two other people were involved. I have had a had time paying it back. These two individuals have since givin me a letter telling me to pay back the debt within 15 days or they would take legal action against me. I gave them a proposal to sign over two vehicles and do a voluntary lean on my home to show some sort of effort. The day before Thanksgiving and two days after there dedline I was givin a letter ststing they have voted to let me go. Can I be fired like an employee even though I hold stocks in the company? Can they legally vote me out? I need some legal advice before I go to an lawyer. Any help would be appriciated.
When you wrote up the papers of joint ownership for the business, what were the terms of the contract regarding owner's rights to terminate the employment of another owner? You need to read your own contract!
And by the way, 35% + 33% + 33% = 101% so your math is wrong too!
ratdog
Yes, if they have voting rights and are on the board of directors. You should have used an attorney to draw up your corporation.
Good luck!!
Gem
I take it that the 3 of you did not write a contingency/dissolution clause into your corporation paperwork. Your original contract should state how that power is split.
Otherwise, you 3 will end up in court and a judge (or more likely your lawyers) will decide. Odds are the company will be valued and you would be awarded your percentage of the assets.
Odds are they cannot just "fire you". I would give them a letter stating you'll leave for 1/3 of the value of the assets, then see what happens.
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