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What keeps Jim from creating a new corporation, have that new entity tender an offer to buy the assets of the "current startup" for $100? Could Jim, owning the
by stevewilhelm 7y ago
What keeps Jim from creating a new corporation, have that new entity tender an offer to buy the assets of the "current startup" for $100? Could Jim, owning the majority of equity accept the offer and pay our OP his $40?
- mickeyM 7y agoNope, Jim can only sell his equity (60%) - in other words, he has no right to sell my equity without my agreement