Legal Question in Business Law in Florida

Re: Firing

Your shareholder's agreement should have covered this. If you don't have one, you should retain an attorney because you will need their advice to try to get this resolved without litigation, need them if you have to litigate, and need them to set your company up the right way after this is resolved.

Re: Firing

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

Generally, the answer would be "no" but this should be covered in the Shareholder's Agreement that an attorney would draft at the time of incorporation of the cororation. Without an Agreement, each of the parties has equal shares so there is effectively a stalemate.

I would strongly suggest that you consult a qualified attorney to review the specifics of your problem with.

Scott R. Jay, Esq.