This Blog will cover my personal experiences and legal battles with a Privately held Company in Ontario that I invested in with some “friends”.
Let this Blog serve as a warning to others to be extremely careful when investing in a Private Corporation. Know your legal rights, know when you are being “screwed” by your business partners. We will try to cover topics such as you rights as a shareholder, access to Corporate information, what options are available under various legal approaches and the cost/benefit of these strategies.
Do not think for a second; “This will never happen to me, I can trust my partners”.
Once (big) money is involved you can not trust anyone. It would appear that even people you have known for 20 years will stab you in the back. Learn to spot the signs of an internal power grab, how to tell when they are lying to you. Protect yourself against these types of actions, be very careful, don’t sign anything without a lawyers advice. Never sign documents under pressure, “we need to get this done today” this is NOT going to be good for you, trust me. Make sure the date is correct, there are many reasons a Company will try and “backdate” a document. Usually it is an unscrupulous reason.
oppressed-shareholder.com
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