Legal Question in Business Law in New York

Re: Real Estate Business

There is a great deal of information that you are not discussing. For example, how is the business structured, a corporation perhaps? Is there a shareholders' agreement? What are the duties of the shareholders? What "rights" does the other partner own?

You are right that the other partner cannot just cut you out. However, without more information, a meaningful response is not possible.

Please let me know if you would like to discuss this further.

Re: Real Estate Business

I was going to type the same response as Mr. Silber. The corporate structure is the basic starting point, and any agreements between shareholders, partners or members would be next.

Perhaps re-post your question. Please also explain what you mean by the other owner owns the rights to NYS for this particular chain. If you are saying that the portion of the business that operates in NYS is separately incorporated and wholly owned by the other owner, then you might indeed have a very tricky situation.

Re: Real Estate Business

Generally the business' structure is a major issue in situations like this, if you would like further information on what the varying structures are you can feel free to visit my website and go to the business & corporate link for free information on the varyng structures, the website is www.cgonzalezlawfirm.com.

Overall, there are various defeneses for someone in your situation, however there would not be any possible way for me to discuss these with you without poroperly knowing what agreements exist and what is the business structure.

You are right in your assumption that you should not be cut out, there may be some duties which this individual owes to the company. Please feel free to contact me for further assistance. You can contact me at the email address below, through the website provided above, or call us directly at 2127098303