Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
Sorry, the window where your text is coming through is very small. having to move to another part of the screen. let me read ..
Thanks for your help. My sister wants to keep the business going and b/c I didn't bring capital to the deal, she doesn't think I should have anything ... she just wants me to go away. So, I would prefer her to either buy me out, but I'm not sure how we'll come up with that figure and if she doesn't, then I want to threaten her with dismantling the corp. What is the 1st step in moving forward with this plan?
On a side note, I have access to our bank account and am monitoring. It appears she is not making the normal deposits into the account any more as if she opened up another account. We typically have a steady stream of revenues, which have all but stopped. I have to think this is illegal. Thanks for your help. One last question. So if I want to stop her in her tracks and force her to stop anything illegal or damaging to the business, what step should I take ? I know she doesn't want to kill the business, she really just wants me to go away. What is my next step to tell her she will either need to agree to buy me out or we'll start to dismantle the business?
Does an attorney have to send a letter or the like to notify her about the liquidation process to stop the madness or (would it be advised?) or is this something I can do first? I'm just not sure I know the process to just tell her I'm going to start the process... I'll give you excellent service shortly - I really appreciate it.
Thanks again. Do you represent in Texas and if so, would you be able to tell me approximately the costs involved for this 1st step (the letter) and if no response, what the process would be to file a petition for injunction / costs for that? Just want to have my ducks in a row, as I plan on sending communication to her to let her know what I'm about to do.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).