Derek, As different forms of indenture go, I much prefer the 35 to 40hr/week job over being available/working 8am-11pm up to 7 days a week.
Hope things settle out soon for you and you can get back to your tanks. Grant ----- Original Message ----- From: Derek Engelhaupt To: [email protected] Sent: Tuesday, September 01, 2009 10:51 PM Subject: [TANKS] Re: New tank ideas?? The partners fired us. Since they owned 90% of the shares of the company, the board (the other two partners) voted to fire us. As 10% share owners of a company, you are still considered an employee of the company. You are not considered self-employed until you hit the 25% mark. Contract provides that if we were fired, that all shares must be bought by the partners that still own shares in the company. It all has to do with how the company was set-up (as an S-corp LLC) and the articles of incorporation. Business partnerships were once described to me as "a marriage without the courtship". If there had been more "courtship", I sure as hell wouldn't have gotten involved with my ex-partners. It's neither here nor there now. I'm actually pretty relieved that we don't own it anymore. Our lives completely revolved around the pharmacy and it was causing a lot of undue tension between us. Working from 8am-8pm 6 days a week can really wear on you after 2 years. I'm looking forward to just working a 40hr/week job. Derek On Tue, Sep 1, 2009 at 10:28 PM, <[email protected]> wrote: In a message dated 9/1/2009 10:35:22 P.M. Eastern Daylight Time, [email protected] writes: Our "great" business partners were working on trying to sell us their shares in our pharmacy, but when the banks wouldn't complete the deal due to the fact they were trying to charge more than market value they decided to fire us and run the pharmacy themselves. Since there are no other pharmacies in our entire county, we have to move to find work. We'll be okay though. well that doesn't sound right. how does the bank fire you? Chris, Odyssey Slipways --~--~---------~--~----~------------~-------~--~----~ You are currently subscribed to the "R/C Tank Combat" group. To post a message, send email to [email protected] To unsubscribe, send email to [email protected] Visit the group at http://groups.google.com/group/rctankcombat -~----------~----~----~----~------~----~------~--~---
