Legal Question in Business Law in Florida
small business
our business is divided up into share holders with different percentages owned. there is one individual that is the appointed president, who is selling the business out from under us..we are losing 50,000 that we need to pay bills. Can this be stopped?
Asked on 3/31/07, 10:02 am
2 Answers from Attorneys
Michael Stewart
Michael D. Stewart
Re: small business
What do your corporate books say about this? Is the president given the power to make these types of decisions over the objection of the shareholders? You should retain an attorney immediately before the business is sold.
Answered on 4/02/07, 9:51 am
Johm Smith
tom's
Re: small business
You probably have a good claim to sue him but you need to get a local business attorney now.
Answered on 3/31/07, 12:49 pm
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