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Recent business law questions
What would be the procedure to handle a Board member who
What would be the procedure to handle a Board member who hands out an email concerning legal issues that was emailed from a prior Board member to a new Board member, and this person deliberately yellowed out the sections for two of the names on the list?
I have a copy of our S-Corp incorporation document. In that
I have a copy of our S-Corp incorporation document. In that document we have authorized CNP 2000 shares with $0 PAR value. None of the shares were assigned. How should I write up the stock purchase agreement now. Is it right to have a buyer and seller when none of the shares were assigned. How do we now establish 51% ownership now to my wife.
I am one of the owners of a very small C-corp. I have a
I am one of the owners of a very small C-corp. I have a business partner and we each own 50% of the stock. Currently the partnership is rocky and we may sell or I may have to move to end the partnership in some other way. Basically because of his behaviors I need to get him out of the running of the business. He will not sell his shares and also will not buy mine even though he could easily afford them.Currently I'm president of the board and he is secretary. I'm the CEO and he is the CFO. He wants to change that to where I am president of the board and he is both secretary and treasurer. Would that give him any more rights to take actions he is not currently allowed? Is it anything I should care about?Also as the CEO do I have the right to fire him if it comes to that?
Its a bit complex....I am the CEO of a start up that has
Hello Pearl- its a bit complex....I am the CEO of a start up that has "almost made it" several times over the last 7 years, including awards and investment. I have a 50-50 partner of high net worth who has board seats only. Anyhow we are launching again with 18 health systems who have bought into our model. My partner had lined up an investor back in August who was going to fund this. The funding delayed and delayed and I expressed my financial and emotional distress that this business has caused. When it all fell apart, I told my partner I could no longer keep this company going, I was bankrupt financially and emotionally and it was impacting my personal life beyond what I could accept. My partner then asks me to outline a plan where he could fund the pillot. I outlined it in detail in emails, email attachments and over 4 conference calls with my partner and his wife. I set a minimum of $55k/5 months with $25k in the first 2 months. This included a salary for me for 4 months, so I could stop the recruiters and job applications. After everything was moving forward my partner sent out a belligerent email to the whole team and I corrected where he was wrong. He is now cutting me out of all communications (the team has to forward things to me because my partner removes my email address everytime he replies and is now paying our contractors outside of the company and in gross violation of the fiduciary agreeements in our Deleware C corp bylaws. He is paying them directly and not paying my agreed salary when he knows I am destitute as a power play. He is deliberately causing emotional damage, and I want to know the scope of my legal alternativesJA: OK. To minimize me, please click the down arrow at the top right corner of this box. OK. To minimize me, please click the down arrow at the top right corner of this box. Because employment law varies from place to place, can you tell me what state this is in?Customer: It is a deleware c-corp, the address is in NY and my partner is in bostonJA: Have you consulted a lawyer yet?Customer: Just a phone call, but the rates prohibited a real discussionJA: Is there anything else important you think the Lawyer should know?Customer: Start-up CEO/founder is a brutal mindscrew. I have had several talks with our advisors for what we deem "talking me off the ledge" because depression, etc are now well documented. My partner is acting with malicous intent, he is that kind of guy, I have emails where he verbally abused vendors etc. He is a surgeon who I believe has a mental disconnect, that rules don't apply to him that apply to "the common man" I know he broke the bylaws, but I am interested in a more serious suit. That siad he is a multi-millinaire orthopedic surgeon who can afford litigation indefinatelyJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Lawyer about your situation and then connect you two.
Can an illegally operating COA( no yearly general membership
Can an illegally operating COA( no yearly general membership meetings/ no elections,/no announced yearly budget, etc.)put a lien on my property for not paying COA fees when I had not been consulted or given any option in the dues/assessment process?
My business partner owns 30% of my small business, which isView more business law questions
My business partner owns 30% of my small business, which is an S corp. He and his wife are getting a divorce. The wife is a friend of mine too and she wants her half of his shares. Is there any way that I can compel the partner to give the wife half of his shares?