Thanks for the additional information. I just wanted to get a feel for how things were run because it probably will make a difference in what you decide to do.
The botXXXXX XXXXXne is that you do have legal recourse, but you may want to think this through before taking action. As a shareholder, you have an interest in making sure the company’s resources are used for company business. Giving the son, who doesn’t work there, a salary, letting him use company funds for personal expenses, the breach of the employment agreement, etc. are all improper. As a shareholder, you have the right to demand that the company stop spending funds in that way, and if the demand is ignored, then you may sue the father (and maybe the son), on behalf of the company, for allowing it. Assuming you were to win, the company would need to reimburse you for your attorney’s fees.
The problem, as you pointed out, is that you need to keep your job. Just because you’re a part owner doesn’t necessarily mean you can continue working there if the majority owners do not want you there. And they may not want you there if you cause them trouble. Unfortunately, I do not believe there is a legal way for you to protect your job. So, you’re going to need to weigh your decisions carefully, and you may opt not to stir the pot at this point.
I wish I could offer something more, but you’re truly between a rock and a hard place since you want to keep your job.
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