B
beachflo
Guest
North Carolina; 3 equal shareholders of an incorporated business in which the relationship has gone bad. I was te store manager until late July when I quit to seek employment that could pay me a wage. I have not been active in the business since quiting as manager other than to review the books each month. The board just held a meeting that I attended and I have been voted off the board. I have requested the shareholders buy my shares but likely they will not.
Where does this leave me? Am I now a silent partner and if so, what does that really mean? Am I obligated financially for further investments if the business is not paying for itself? Thanks!
Where does this leave me? Am I now a silent partner and if so, what does that really mean? Am I obligated financially for further investments if the business is not paying for itself? Thanks!