Started By
Message

re: Question for the lawyers of the OT.

Posted on 4/11/16 at 11:26 pm to
Posted by boosiebadazz
Member since Feb 2008
86405 posts
Posted on 4/11/16 at 11:26 pm to
After seeing your shirt, this thread makes so much more sense.
Posted by WhiskeyTangoFoxtrot
in the transfer portal
Member since Dec 2009
2539 posts
Posted on 4/11/16 at 11:29 pm to
quote:

Either you have some numbers wrong or your wife is taking it from someone on the other end of that deal


OP has numbers wrong AND his fiancé is taking it from someone on the other end!

FIFY
This post was edited on 4/11/16 at 11:42 pm
Posted by NashBamaFan
Nashville
Member since Mar 2011
3136 posts
Posted on 4/11/16 at 11:29 pm to
Right. I screwed up. Original owner is at 9%. Also has nothing to do with company. If I told you all how the deal went down , you would all laugh. That's besides the point. I just wanna know what kind of things a minority owner (40%) can legally do to get the jackass majority owner to be junk about the way he's doing business. Is there a legal way (call an audit) she could get the guy to walk the line without setting herself (who does everything by the book) up for trouble with the IRS , OSHA, etc?
Posted by boosiebadazz
Member since Feb 2008
86405 posts
Posted on 4/11/16 at 11:30 pm to
OMG GO TALK TO AN ACTUAL, LICENSED, REAL-LIFE LAWYER
Posted by NashBamaFan
Nashville
Member since Mar 2011
3136 posts
Posted on 4/11/16 at 11:33 pm to
The company(or prior owner was in extreme financial trouble) was sold for pennies on the dollar and that's why the sale happened. Her and her partner had become th been employees for years prior to the sale happening. It's a clusterfrick , I'm aware of what that. I'm just asking what a monitory owner is legally able to do when it comes to questioning the majority owner on his decision making.
Posted by MMauler
Primary This RINO Traitor
Member since Jun 2013
24753 posts
Posted on 4/11/16 at 11:34 pm to
Read the Articles of Incorporation (or Partnership). In most cases anything greater than 50% is controlling. In some business/tax cases you'll see instances where a 50.1 share of a company is worth 4-5x's more than a 49.9% share because of the control premium.

Some states do have laws that require 2/3rds or even 3/4th vote on certain "extraordinary" actions (e.g., declaring bankruptcy). However, that's typically only where the Articles are silent.
Posted by NashBamaFan
Nashville
Member since Mar 2011
3136 posts
Posted on 4/11/16 at 11:39 pm to
This is what I wanted to know. I've thought , and told her , that after 3 years (it's been over 2) she should have the business audited. Everything she has done has been on the up and up so she would come back clean and in line. Not so much for the other owner who spends company money in raising his kids , vehicles , thousands and thousands of dollars on company CCs for personal shite. I'm just afraid to go that route if it means that everyone owner goes down even if it's one owner being crooked.
Posted by NashBamaFan
Nashville
Member since Mar 2011
3136 posts
Posted on 4/11/16 at 11:40 pm to
Yeah? What's that?
Posted by WhiskeyTangoFoxtrot
in the transfer portal
Member since Dec 2009
2539 posts
Posted on 4/11/16 at 11:44 pm to
We need more pics of you fiancé in order to better evaluate the information you have given us!
Thanks in advance.
Posted by NashBamaFan
Nashville
Member since Mar 2011
3136 posts
Posted on 4/11/16 at 11:45 pm to
We were in Honduras ........I didn't want the shirt to look like shite with sweat all up under my arms. The shirt? She had just bought it for me , so I wore it. One day you'll get off of TD long enough to have a girlfriend and you'll understand that you , sometimes , do things to make your girl happy. It's give and take. We're pretty fricking happy with each other and I don't mind doing things here and there to keep it tat way , nor does she. It's called being a grown up, Walt! But don't leave the basement too soon as I enjoy you as a poster on TD. One of the very few trolls I do get a laugh from every now and then.
This post was edited on 4/11/16 at 11:47 pm
Posted by NashBamaFan
Nashville
Member since Mar 2011
3136 posts
Posted on 4/11/16 at 11:50 pm to
Yes. I know. She resists this avenue because she'd rather sit back and let everyone be happy and get along than make sure the company is in good shape. That's kinda why I asked. Is there something she can do , without a lawyer , to shake up the majority owner or is it plain and simple like it sounds. Majority owner: calls all shots! Minority owner: deals with! Want change. Think somethings not right: Hire attorney!

I think I got my answer! Thanks!
Posted by Real Pirate
NE LA
Member since Apr 2013
1879 posts
Posted on 4/11/16 at 11:50 pm to
Rogaine should replace your shampoo. Does your sister know you posted a pic of her on a public forum? That's fricking weird bro.

quote:

make sure the company is in good shape


But she's not concerned you're fat?
This post was edited on 4/11/16 at 11:52 pm
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 4/11/16 at 11:51 pm to
Dude, mix in a salad every once in a while.

Also, is she blind?
Posted by The Boat
Member since Oct 2008
178333 posts
Posted on 4/11/16 at 11:53 pm to
All hail fat, bald Ted Cruz
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
73770 posts
Posted on 4/11/16 at 11:57 pm to
Sweet Carnival Cruise picture.
Posted by NashBamaFan
Nashville
Member since Mar 2011
3136 posts
Posted on 4/12/16 at 12:05 am to
Self confidence , gentleman. Not being a loser who sits around smoking weed and rating woman on a message board. I don't frick with ugly , or fat , or lazy. Woman know it when they meet me. She is IT for me! And she chased me all the way from Tampa to Nashville. It worked out for her! I'm now in Tampa and I'm marrying this one. You dumbasses have it all wrong if you think you gotta go all out frat to catch a good looking , smart woman. Just gotta be a man, boys! She is CRAZY! I can't help y'all there as they're all crazy! I just lucked out and found a level of crazy I could deal with. Don't be jealous or make jokes , just get out of the basement , off the computer , and go out and be a man. You too could end up with a woman that's not fat , stupid , trashy , poor , or too crazy. Just takes a little work. Don't be a boy!
Posted by NashBamaFan
Nashville
Member since Mar 2011
3136 posts
Posted on 4/12/16 at 12:07 am to
It was a cruise! Norwegian though. And , against popular belief around here , it was an awesome vacation! We will definitely do it again!
Posted by Eightballjacket
Member since Jan 2016
8090 posts
Posted on 4/12/16 at 12:14 am to
quote:

Does your sister know you posted a pic of her on a public forum?

Reason #657 why women shouldn't pose for photos with complete strangers.
Posted by olgoi khorkhoi
priapism survivor
Member since May 2011
17068 posts
Posted on 4/12/16 at 12:16 am to
why not sell her 40% if the owner is going to tank the thing and it's worth nearly 5 times what she paid? That's the discussion you should be having with her.
Posted by PhilipMarlowe
Member since Mar 2013
22078 posts
Posted on 4/12/16 at 12:19 am to
quote:

No need for the dumb fricks and they're dumb responses
first pageprev pagePage 2 of 3Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram