Dakota7:
Was there any agreement as to profit sharing when you guys made the contribution to the business?

Mhizzard:

see question
even if they didn't have deed,his sense have to tell that it is family business so far he got the capital source from the family.even if he can't remit up to what the family may demand for,he should try and be giving the family some amount.

Mhizzard:

see question
even if they didn't have deed,his sense should have tell him that it is family business so far he got the capital source from the family.even if he can't remit up to what the family may demand for,he should try and be giving the family some amount.

Dakota7:
Was there any agreement as to profit sharing when you guys made the contribution to the business?

Kennitrust:
did he ask for agreement before demanding money from us. The company in question bore our family's name which is our father's name.

Dakota7:


In addition, a pure water business must be registered with CAC. Is any of the family members or a representative registered as a shareholder of the company? Which would entitle them to a share of the company's profit legally? You think things are easy the way you assume them. Some of these things are matters of law.

Dakota7:


Without such an agreement, the other party may as well claim that the money was gift, or a loan, which he is open to repay. Do you get the point?

Mhizzard:

yeah,that true.but for a man to have the thought of that is worthy to be in the family

Dakota7:


Life is cruel. The young man brought the issue here because his family member has ripped them, I am just telling him reality, I won't sugarcoat my words.

Mhizzard:

now i believe.for a man To ripped his own family,there is assurance that he is capable of rip his partner in business.

Dakota7:



I asked a simple question, why not answer it and quit being arrogant. I'm just trying to form an opinion on the matter.

Dakota7:


Life is cruel. The young man brought the issue here because his family member has ripped them, I am just telling him reality, I won't sugarcoat my words.

Dakota7:


Life is cruel. The young man brought the issue here because his family member has ripped them, I am just telling him reality, I won't sugarcoat my words.

xavuv:


💯.

Kennitrust:
Straight to the point:

We're family of 8 living closely together in the family compound.
What happened here is that in 2009, shell company came to our community and and offered us and anyone interested a cheap and affordable borehole. We took the advantage to have borehole in our family compound.

Fast-forward to 2017, one of my brothers conceived the ideas of making pure water from the family water. The idea was a welcome development as we all donated towards the success of the business.

To cut long story short...

When the business became successful due to the environmental position (our compound is closed to border). My brother refused any member of the family an access to the benefits accrued the sale. My brother fought anyone who demand for a share from the sale. Literally most times in a week my brother could make a sale up 1m. In a week.

Currently, he is building another water factory unopposed by the family. Family compound is decaying and he said, he had no concern whatever happens in the compound and that his only concentration is in his business.

Being the last born in the family with negligence of help from the only brother who could recus me using that our local oil well. I decided to pick up a battle of GIVE ME MY SHARE OF THE PROFIT YOU MAKE FROM MY FATHER PROPERTY. The fight no be here. He is now asking us to come together so we can share properties so he can exonerates himself from the rest of us.

Please I need advice on how to crab my shares from this LIFETIME business.

Kennitrust:
did he ask for agreement before demanding money from us. The company in question bore our family's name which is our father's name.