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Joined 11 months ago
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Cake day: October 28th, 2023

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  • I want to be pretty real here. This isn’t the AITA forum, this small business. People here are going to tell you, your emotions and wants aren’t particularly relevant here.

    As the other commenter has stated what do your OA’s say? What state are you in?

    You are a minority shareholder, without the ability to have over 50% of the voting shareholders vote against him. You may have no right ever, to tell him what he can and cant do. You may only have limited recourse. You may actually be unable to stop him from even diluting your share ownership down to 0.000001%.

    He could decide to partner with his own company he makes on the side and pay that company 99.9% of all profit of the company, and you could all be effectively holding a zombie company worth nothing. You and the other 45% owners may not be able to stop that from happening.

    I don’t mean to be scary, but if you don’t have any operating agreements, you may be in for quite the lesson.




  • You could set price floors, monthly order minimums, NDA stating they will not share designs with competitors or pricing, that they will not offer pottery through themselves once they build the market.

    Basically avoid letting them help your competitor, cheapen your goods, force you out of a market by not growing it. Purposefully keeping you higher than the competitor to grow their market share. Online or store only market exclusivity, and only pottery or cups / objects.

    Only a certain brand name / trademark for US MX CA? Do you have the trademark? Get a license agreement and put a royalty clause in there in case someone else infringes and you have a baseline of damages.

    Sorry for my ramble. Just want you to have something if no one else comes in and says anything.