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Talk with a startup-savvy attorney. You’ll learn more about what’s called “minority shareholder oppression.” Googling for that phrase and https://en.wikipedia.o
by troydavis 8y ago
Talk with a startup-savvy attorney. You’ll learn more about what’s called “minority shareholder oppression.” Googling for that phrase and https://en.wikipedia.org/wiki/Shareholder_oppression https://en.wikipedia.org/wiki/Shareholder_oppression will turn up a lot more and some examples of it in the wild.
The typical recourse is litigation in the state where the current entity is formed. That litigation would also probably make it difficult for the new entity to raise.
A typical first step is for your attorney to write a letter to the company, board members, and majority shareholders to inform them of your concerns as a minority shareholder (before they make changes). Hopefully this avoids litigation.