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how do you protect your income
when your partners are locking you out and it's a difficult situation
not only are you faced with legal fees and having to hire attorneys
but now your partners are threatening to cut you off and to cut off
the financial stability of your family why there doing this
is to freeze you out and hope you'll come to the table and just take any offer
because you need the money so some of the steps you want to evaluate with your lawyer
is whether or not an injunction could help you whether or not you can follow
an order to show cause
to have a court intervene in the management of the company and what I'm going to
tell you is
you need to do it but it's not easy and courts will not grant relief where there
just rewarding you money on the short term
however if you have a shareholder agreement an operating agreement
a management agreement that says you need to participate in the management
of your corporation
then you could make a very good argument to the court that separate and aside from
your right to receive compensation
as a matter of necessity and to prevent harm to your corporation
you need to be involved in the management in day-to-day decision-making
but if your gonna do this if you gonna take this avenue you need to act promptly
because a court will view your delay as a waiver
of your right to come and participate in management