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06-02-2008, 06:29 PM
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#1 |
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business in florida voting out an officer
I have a business incorporated in the state of Florida. We were four principals and all of them sign a the waiver for workers compensation. One of the principals was voted out by the other three principals and and has been removed from the company. After filing the correct paperwork in the state of Florida and being reflected in the new documents of incorporation, the principals was was removed from the company on May 30th, the principal was informed on June 2nd of his removal. Have we broken the law by not informing him or informing him late, and can he in any way file a law suit against the company to collect money and win the law suit.
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06-04-2008, 02:34 PM
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#2 |
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Re: business in florida voting out an officer
If you followed the procedures for removal of an officer or shareholder etc. in your corporate documents then you will not have any issues.
Hopefully you did check what rules you had all agreed to, if any. |
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