BMW X3 Forum
BMW X3 Forum
Welcome to the ultimate G45 BMW X3 community.
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
Post Reply
 
Thread Tools Search this Thread
      03-03-2008, 01:24 PM   #1
PorkiE90
Newb
PorkiE90's Avatar
United_States
7
Rep
7
Posts

Drives: '01 Audi S4
Join Date: Oct 2007
Location: Irvine, CA

iTrader: (0)

Any attorneys here? Need some legal advice on corporate law...

I have a small business which is run under a corporation which I am planning on leaving (I have a business partner, and we are both officers of the corporation). We unfortunately are stuck in an office lease for another 5 months, which I am paying half the lease payment.

Currently, we're in the process of valuations of my 50% stake in the company to come to a monetary figure for "buy-out". I have two questions:

1) What value should be placed on previous marketing information (sales leads purchased, non-sold clients, previous sold clients, etc.)? My business partner believes they are worthless to him.

2) My business partner is asking me to sign an agreement in which I would still be liable for any lawsuits or litigation against the corporation for a period of 12 months after I am removed from the corporation. Isn't this the whole reason why I'd be wanting to be separating from the corporation??? I'm trying to release myself from any liability by separating from the corporation, right? (This is California corporation, btw)

I understand if any of you ARE attorneys, that none of your advice here should be considered formal legal counselling... but if any of you also have any experience with this type of situation, any advice would be appreciated. I am losing a bunch of money by going through this. =(
Appreciate 0
      03-03-2008, 02:14 PM   #2
gadget
Major
gadget's Avatar
United_States
112
Rep
1,159
Posts

Drives: 09 e92///M SSII DCT
Join Date: Nov 2007
Location: US

iTrader: (0)

Appreciate 0
      03-03-2008, 02:53 PM   #3
nightkhan
Private Woodman
nightkhan's Avatar
United_States
178
Rep
467
Posts

Drives: 328i, JB, Space Rocket
Join Date: Jan 2006
Location: San Francisco

iTrader: (3)

What the hell??
__________________
Former King of Stock...
E90 325i, Jet Black:
Done with
Current: E92 328i, Sports Package, 335i wheels, Power Seats, BMW Assist/Bluetooth, IPod/USB, heated seats, //M Short Shifter
Future Mods: 19" CSL's, KW V2, 15mm spacer, tints
Appreciate 0
      03-03-2008, 03:00 PM   #4
Brunotheboxer
Colonel
Brunotheboxer's Avatar
United_States
399
Rep
2,984
Posts

Drives: 2014 Shelby GT500.
Join Date: Jan 2006
Location: Boston/Cape Cod

iTrader: (0)

sue everyone.
__________________


"...I maybe drunk, but you're ugly, and I can sober up..."
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:25 AM.




x3:
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST