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I bought a stock worth $5000 from small startup company. In…

I bought a stock...

I bought a stock worth $5000 from small startup company.

Lawyer's Assistant: What state are you in? It matters because laws vary by location.

In Ohio A year later, they have come up with

Lawyer's Assistant: What steps have you taken so far?

A new company agreement for all invesors to sign, but I want out.

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

Can I refuse to sign, and demand removal form this group of investors?

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Answered in 15 minutes by:
2/14/2018
WiseOwl58
WiseOwl58, Attorney
Category: Business Law
Satisfied Customers: 4,528
Experience: Senior Associate at White & Case LLP
Verified

You would have to find a buyer for the stock. You should ask the company to repurchase your shares for $5,000 and ask the other stockholders if they would like to buy you out and take over your shares. Then you can get your money back and be out of this investors group.

Please rate five stars ***** by clicking on five stars ***** and press SEND.

Good luck to you. I wish you all the best.

Ask Your Own Business Law Question
Customer reply replied 4 months ago
What if I dont sign this agreement?

Then it is not binding on you. You are under no obligation to sign it.

Please rate five stars ***** by clicking on five stars ***** and press SEND.

Good luck to you. I wish you all the best.

WiseOwl58
WiseOwl58, Attorney
Category: Business Law
Satisfied Customers: 4,528
Experience: Senior Associate at White & Case LLP
Verified
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