[Business Law]
I founded Company A with two friends and am currently holding 1% of the company shares. My two friends are both appointed as Managing Directors, I am only a minority shareholder and do not work in the company. The company does not have any assets other than about 2000USD that are left from a Kickstarter Campaign in which it collected 10000USD for the pre-sale of protein bars that have not been delivered yet.
When I refused to sell my share in company A to them, my friends wanted to have me out of the company. So they changed the name of company A and founded another company, company B (in which they are the only shareholders), with the name that company A originally had. All the assets of company A (cash) were transfered to company B as part of a contract between A and B accordingt to which B would fullfill A's preorders on behalf of A. They are effectively continuing the business of A under the new company B. Now, they have even applied for a trademark on the brand that company A used for the Kickstarter campaign (but didn't have a trademark for). Meanwhile, I am left with a 1% share in A, which is now effectively a shell company.
Can I, as a minority shareholder, legally compell the two other guys stop company B's trademark process as part of their roles as (still) Managing Directors of company A? Can I sue for any kind of compensation for myself whatever? Any reccommendations?
I look forward to your response.
Kind regards,
Simon
I founded Company A with two friends and am currently holding 1% of the company shares. My two friends are both appointed as Managing Directors, I am only a minority shareholder and do not work in the company. The company does not have any assets other than about 2000USD that are left from a Kickstarter Campaign in which it collected 10000USD for the pre-sale of protein bars that have not been delivered yet.
When I refused to sell my share in company A to them, my friends wanted to have me out of the company. So they changed the name of company A and founded another company, company B (in which they are the only shareholders), with the name that company A originally had. All the assets of company A (cash) were transfered to company B as part of a contract between A and B accordingt to which B would fullfill A's preorders on behalf of A. They are effectively continuing the business of A under the new company B. Now, they have even applied for a trademark on the brand that company A used for the Kickstarter campaign (but didn't have a trademark for). Meanwhile, I am left with a 1% share in A, which is now effectively a shell company.
Can I, as a minority shareholder, legally compell the two other guys stop company B's trademark process as part of their roles as (still) Managing Directors of company A? Can I sue for any kind of compensation for myself whatever? Any reccommendations?
I look forward to your response.
Kind regards,
Simon