Expert Advice When You Need It Most

Henry E Knoblock III's Answers

Henry E Knoblock III
Weston Mergers / Acquisitions Attorney.
Contributor Level 6

4

Attorney answers:

  1. Henry E Knoblock III
  2. Lisa Michelle Palmer
  3. Peter Jay Wilke
  4. Leslie William Adams

I'm in a family business, (corp.) 5 members,we are all employees of the company I was fired then sued for 50k.If I wanted them

Asked by a user in Dracut, MA - over 1 year ago.

You ask is this legal? The answer is yes - a company in Massachusetts can terminate an employee/shareholder for cause and yes it can sue that terminated employee/shareholder for whatever cause of action they allege and yes as unseemly as it may appear they can then propose to settle your claims against them and their claims against you if you agree to sell your stock back to the Company or to your fellow shareholders. Not knowing the facts behind the company's actions I cannot however advise...

1 lawyer agreed with this answer

3 people marked this answer as helpful

4

Attorney answers:

  1. Henry E Knoblock III
  2. Christopher John Lane
  3. Bryant Keith Martin
  4. Laurence S Donahue

I'm in a family business with my two brothers and two sisters it's a small Corp. we are all equal shareholders.

Asked by a user in Dracut, MA - over 1 year ago.

You ask is this legal? The answer is yes - a company in Massachusetts can terminate an employee/shareholder for cause and yes it can sue that terminated employee/shareholder for whatever cause of action they allege and yes as unseemly as it may appear they can then propose to settle your claims against them and their claims against you if you agree to sell your stock back to the Company or to your fellow shareholders. Not knowing the facts behind the company's actions I cannot however advise as...

3 people marked this answer as helpful

3

Attorney answers:

  1. Marc D McCain
  2. Henry E Knoblock III
  3. Simon Jenner

If business partnership entered into a one year lease, are we both personally liable even if partner wants out of the business

Asked by a user in Yuma, AZ - over 3 years ago.

I will assume you are located in Arizona and that there is no partnership agreement in place at this time which addresses the issue of partner withdrawal. Arizona Revised Statutes Section 29-1012.A defines a general partnership as "the association of two or more persons to carry on as co-owners a business for profit . . . whether or not the persons intend to form a partnership" unless the business is a corporation, a limited liability company or formed under some other Arizona statute....

2 people marked this answer as helpful