Home – New Forums New here? Share your story so difficult!!!!!!!!

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  • #967928
    desperate
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    • Total posts: 2
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    Hi every one i am new to this forum and im hoping for some helpful advise regarding my small business issue ie can i be voted out if majority rules as im a director/shareholder myself?????

    #1029760
    BB
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    • Total posts: 215
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    Dear Desperate,

    We’d all love to assist and I’m sure that there is somebody here that can help with your problem, but first you’ll need to provide a few more details.

    Things like where you are; what your business/industry is; the exact nature of your business structure (eg: partnership, company, family trust etc); and a little more about the exact nature of your problem.

    You sound so … well… desperate.

    But without more information, you’ll possibly find that there are very few people who will even comment, for fear of giving you the wrong help.

    And remember – there are no strangers here, just friends you haven’t met yet!

    B.B.

    #1029761
    soliddata
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    BB is right,

    the structure of your business is important, and also what agreements were in place, eg shareholder/director/ownership agreements etc.

    Kevin

    #1029762
    soliddata
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    OK, so you have provided this stuff on the other quote:

    desperate, post: 0 wrote:
    Ok i am a small business owner and i am in partnership with 3 other people and 1 being my soon to be ex husband….and this is where my issue lies…..as we r all shareholders can a majority vote force me out as a director? as they want me to sign of on the business so he doesnt have to buy me out i have a solicitor but if memory serves me correct i think there is a formal shareholders agreement in place but i will have to double check that…..please help

    We can sympathise with the situation – never a good one and thus why a shareholders agreement is important right up front.

    There should be enough here for a legal-type to answer you, but it would be even better to get access to the shareholders agreement.

    Kev

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