Henry E Knoblock III’s Answers

Henry E Knoblock III

Weston Mergers / Acquisitions Attorney.

Contributor Level 6
  1. 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

    Answered about 4 years ago.

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

    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

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

    Answered about 4 years ago.

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

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

    Answered over 6 years ago.

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

    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....

    1 lawyer agreed with this answer

    2 people marked this answer as helpful

  4. What's the best way to convert from a New Jersey LLC to a Delaware C corporation?

    Answered about 1 year ago.

    1. James Johnson
    2. John P Corrigan
    3. Gary Roger Waitzman
    4. Jeffrey T. Stinson
    5. Henry E Knoblock III
    5 lawyer answers

    While obviously the golden rule applies here, (those with the gold make the rules) it is worth asking the question as to why a Delaware C corporation since there are significant tax disadvantages to shareholders to being a C corporation before the time is right (think double taxation). There are two key facts which are omitted from your writeup which could allow for a more indepth and better answer. The first is what is your business and business plan - what is your plan for growth and...