My question involves business law in the state of: Florida
Hello,
I have a ex employee whom was a 10% owner of my company. Im 90%.
The 10% owner did work behind my back and I want to fire her but they say i cant fire them but they are no longer working with me.
From the beginning of the businesses existence the only reason they were made a 10% owner was to be workmans comp exempt.
Now that they have been "fired" they are asking for 10% of the companies worth. They Want a buy out.
My question is considering they did somthing in violation to the businesses better interest and the bylaws of the company are they still legally entitled to 10% of the value of the business. Or Legally can that be stripped from them because of their negative actions to the company. Technically they were stealing from the company by getting money on the side.
Also, the company I have is not for sale and honestly with out Me its worth nothing because I hold the license that makes the business be able to function.
SO with that being said if I leave tomorrow the business would be nothing so how can you really value my business.
How do I find out what its worth to figure out what 10% is if its worth nothing with out me running it.
The 10% owner is saying could pay up to 5 times the businesses value to her.
Hello,
I have a ex employee whom was a 10% owner of my company. Im 90%.
The 10% owner did work behind my back and I want to fire her but they say i cant fire them but they are no longer working with me.
From the beginning of the businesses existence the only reason they were made a 10% owner was to be workmans comp exempt.
Now that they have been "fired" they are asking for 10% of the companies worth. They Want a buy out.
My question is considering they did somthing in violation to the businesses better interest and the bylaws of the company are they still legally entitled to 10% of the value of the business. Or Legally can that be stripped from them because of their negative actions to the company. Technically they were stealing from the company by getting money on the side.
Also, the company I have is not for sale and honestly with out Me its worth nothing because I hold the license that makes the business be able to function.
SO with that being said if I leave tomorrow the business would be nothing so how can you really value my business.
How do I find out what its worth to figure out what 10% is if its worth nothing with out me running it.
The 10% owner is saying could pay up to 5 times the businesses value to her.
Business Disputes: Shareholder Acted Wrong and Wants a Buy Out
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