Legal Question in Business Law in New Jersey

That's called shareholder oppression. You need a lawyer yesterday. I'd be happy to set you up with one. Just call me at 732/773/2768 anytime.

The conduct of your business partners is wrong and unlawful. Exactly what cause of action you have depends on details that you have not given in your question. If you would like to discuss the matter, call or email. /p/ See also: http://info.corbettlaw.net/lawguru.htm

In addition to the other attorney answers, absent a shareholder agreement authorizing buy out of a shareholder, your step sisters cannot "vote you out" of the company in terms of your stock. Shareholders normally own stock until they decide to sell. However, they can use their controlling interest to vote in another CEO, etc. at the annual meeting. It appears the more important issue is the fraud - theft that has apparently happened. Consult with a good business attorney in your area as soon as possible for specific advice.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

What she did is wrong, and may be a crime. You need a lawyer, and you need to take action now. Give me a call, make an appointment to come see me. You need to pursue them forcefully.

Robert Davies, Esq. 201-820-3460

My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru.