Legal Question in Business Law in New York

can I own two comapnies, that deal in the same things

Hello

I am currently vice president in a business that deals with computers, I want to start another company of my own, that also deals with computers, can I do this or do I have to resign. Also Can I resign as Vice president and keep my shares in the company.

Thank You


Asked on 12/03/99, 4:39 pm

1 Answer from Attorneys

Bruce Gudin Ehrlich, Petriello, Gudin & Plaza Esqs.

Re: can I own two comapnies, that deal in the same things

Further information is required to answer your question. The answer depends on several factors such as whether you are under an employment contract with company #1, what your relationship to company #1 is aside from your official title, whether it is a private or public company, and the like. Please call me during business hours at 212-643-2503 x-104 and I can help you.

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Answered on 12/04/99, 11:59 am


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