Who can review the equity arrangement (for previous consulting to startup company's) in its "restricted stock agreement"?
John's answer
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Answered on October 05, 2020
The terms you describe are very favorable for the recipient/consultant, and not so much for the company. The main issue right now is that the...
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How do I begin the process of departing an LLC equal partnership?
John's answer
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Answered on January 24, 2017
This exit is largely up to negotiation between you and your partner - that agreement would cover your obligations and liability, if any. It will be...
An LLC member left, we had no operating agreement in place, what steps do I need to take to take over complete ownership?
John's answer
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Answered on January 24, 2017
Absent an Operating Agreement, it comes down to negotiating a deal with the departed member.
Archived
What are my rights against two other shareholders in my corporation?
John's answer
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Answered on November 09, 2016
This looks like a classic minority squeeze out, and MA court cases have dealt with situations similar to yours in which the minority owner has...
Archived
Is it legal for a majority shareholder to just take shares from you?
John's answer
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Answered on August 30, 2016
As Neil answered, it's likely that your interest was cut in half because additional shares were issued - for example, if you originally owned 33...
Archived
For new companies, how can we cheaply prepare a business plan that establishes solid financial ability?
John's answer
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Answered on August 04, 2016
The least expensive way to do this is through your own hard work. You are so lucky to live in a world where there are thousand, if not more, of...
Archived
HOW TO DISSOLVE A DBA AND FORM A PARTNERSHIP?
John's answer
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Answered on May 03, 2016
Your question raises a lot of issues.
1. A dba has nothing to do with a partnership. Perhaps your "partner" is operating as a sole proprietor, as...
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How does a partnership work and are there stipulations that can be written in to protect my husband? Can he be bought out?
John's answer
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Answered on April 21, 2016
Your husband needs to get his own attorney to review whatever his father proposes. Presumably the business will not be a technical partnership,...
Archived
Can I sue a friend for monies I invested for him to start his website business?
John's answer
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Answered on October 14, 2015
I typically don't answer questions from states where I am not licensed, but this one is too funny. You can always sue him, but for what - what...
Archived
Am I responsible for delivery men not collecting the C.O.D payment
John's answer
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Answered on January 09, 2015
This is not a legal question - it is an ethical question. Did you agree to the full purchase price of the furniture? Did you take delivery of the...
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