Quote:
Originally Posted by EricaLubarsky
That's pretty much 100% of the argument.
If you go into business with a couple of business partners, you can force out one business partner if they are hurting the company, but if you seize their share or force them to sell at a loss, you are in for a major lawsuit.
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Except if there are bi-laws in place that allow for the business partners to reach a majority. Then it seems pretty standard to me.
Now, in this case, there appears to be a lot of grey area on what conditions allow for the vote and that will probably we where the legal battle focuses. But the majority force out , in some permutation, is written into the contract the owners agree to when they buy the team.