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Attorney Arcadier
Attorney Arcadier, Attorney
Category: Business Law
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Experience:  Contract questions and Incorporation questions answered.
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I want to shut a C Corp of which I am majority stockholder.

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I want to shut a C Corp of which I am majority stockholder. There is a loan from S Corp, of which I am only stockholder, contributed capital from me and a loss carryforward. C has some cash but not enough to pay S loan. What now ?
How many stockholders are there in C Corp. Did you all execute a shareholder agreement?
Customer: replied 4 years ago.
Yes, every aspect was documented by attorney and accountant
Customer: replied 4 years ago.
Two stockholders, not related, all aspects were documented by attorney.
Well, you need to follow the shareholder agreement which should delineate how to dissolve and distribute assets, pay back loan, etc.
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