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lwpat
lwpat, Attorney
Category: Business Law
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Experience:  Attorney with over 35 years of business experience.
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Can an S-Corp buy back some of its own shares from stockh

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Can an S-Corp buy back some of it's own shares from stockholders?
Submitted: 5 years ago.
Category: Business Law
Expert:  lwpat replied 5 years ago.
Yes it can. The other shareholders, the corporation or even someone else can purchase the shares unless there is an agreement otherwise. The company would simply hold them as Treasury stock and it would need to be entered in the minutes of the company and on the book where the shares are recorded.
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