buyout

[jeaniebottle]

ny.I HAVE BEEN IN BUSINESS FOR 3 YEARS .BUSINESS HAS NOT BEEN DOING WELL SINCE 9-11. I AM A 50% SHAREHOLDER IN THE COMPANY.AND MY PARTNER HOLDS THE OTHER 50% CURRENTLY THERE IS NOT ENOUGH MONEY TO SUPPORT BOTH OF OUR SALARIES. I AM CONSIDERING ON LEAVING THE BUSINESS, WITH ONLY ONE SALARY THE COMPANY STANDS TO HAVE A VERY GOOD CHANCE OF SURVIVAL. MY PARTNER TELLS ME THAT HE WANTS TO CONTINUE ON WITH THE BUSINESS. I AM HOLDING $100,000 IN PERSONAL GUARANTEES FOR THE COMPANY. HE AGREES TO TAKE OUT A HOME EQUITY TO CLEAR UP THE PERSONAL GUARANTEES AS MY BUYOUT, AND EXPECTS ME TO BE SATISFIED HAVING MY NAME CLEARED. OBVIOUSLY IM NOT HAPPY WITH THAT CONSIDERING WE CURRENTLY HAVE 1.5 MILLION IN INVENTORY AND TOOLING. THERE ARE NO LIQUID ASSESTS FOR HIM TO BUY ME OUT, BUT HE CHOOSES TO STAY AND RUN THE COMPANY HIMSELF.INSTEAD OF US DECLARING BANKRUPTCY. I FEEL THAT I DESERVE A SIZABLE BUYOUT SINCE I HELPED TO BUILD THE COMPANY FOR 3 YEARS AND INVESTED TIME AND PERSONAL MONEY.ALTERNATLY IF WE BANKRUPT THE COMPANY ALL CREDITORS WOULD BE SATISIFIED AND WE BOTH MIGHT BE ABLE TO WALK AWAY WITH SOME LIQUID CASH. WHAT WOULD BE A FAIR AND LEGAL BUYOUT IN A SITUATION SUCH AS THIS.

 

[I AM ALWAYS LIABLE]

ny.I HAVE BEEN IN BUSINESS FOR 3 YEARS .BUSINESS HAS NOT BEEN DOING WELL SINCE 9-11. I AM A 50% SHAREHOLDER IN THE COMPANY.AND MY PARTNER HOLDS THE OTHER 50% CURRENTLY THERE IS NOT ENOUGH MONEY TO SUPPORT BOTH OF OUR SALARIES. I AM CONSIDERING ON LEAVING THE BUSINESS, WITH ONLY ONE SALARY THE COMPANY STANDS TO HAVE A VERY GOOD CHANCE OF SURVIVAL. MY PARTNER TELLS ME THAT HE WANTS TO CONTINUE ON WITH THE BUSINESS. I AM HOLDING $100,000 IN PERSONAL GUARANTEES FOR THE COMPANY. HE AGREES TO TAKE OUT A HOME EQUITY TO CLEAR UP THE PERSONAL GUARANTEES AS MY BUYOUT, AND EXPECTS ME TO BE SATISFIED HAVING MY NAME CLEARED. OBVIOUSLY IM NOT HAPPY WITH THAT CONSIDERING WE CURRENTLY HAVE 1.5 MILLION IN INVENTORY AND TOOLING. THERE ARE NO LIQUID ASSESTS FOR HIM TO BUY ME OUT, BUT HE CHOOSES TO STAY AND RUN THE COMPANY HIMSELF.INSTEAD OF US DECLARING BANKRUPTCY. I FEEL THAT I DESERVE A SIZABLE BUYOUT SINCE I HELPED TO BUILD THE COMPANY FOR 3 YEARS AND INVESTED TIME AND PERSONAL MONEY.ALTERNATLY IF WE BANKRUPT THE COMPANY ALL CREDITORS WOULD BE SATISIFIED AND WE BOTH MIGHT BE ABLE TO WALK AWAY WITH SOME LIQUID CASH. WHAT WOULD BE A FAIR AND LEGAL BUYOUT IN A SITUATION SUCH AS THIS.

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