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Stock/shareholders are generally not liable for corporate liabilities -- that is the limited liability protection that is afforded the owners of a business that operates as a corporation. The corporation and its owners have a separate legal existence and the stockholders generally do not acquire any liability for corporate matters without personal guarantees, intentional misconduct, etc.
As a small corporation and you not serving in any director/officer/employee capacity, they could simply refuse to issue any dividends, which means you would be holding stock with no benefit. So if you refuse to accept their offer, you may find yourself left with nothing. Thus, that is a consideration as to whether to accept their offer although you may believe that it is too low.
Your only recourse at that point would be to sue them to force a buy back at a particular price. Those suits are difficult and extremely expensive, so such a remedy, although legally available, is probably not practical.
Please let me know if I can provide additional assistance. Thanks.
How should I answer if I think they should offer at least 1/2 ($2,500)?
I would just make a counteroffer then. Say, "you've offered $1,000, but I think at least half of my investment of $5,000, not to mention the time I've spent growing and cultivating the business, is more reasonable, so I will sell my stock to you all for $2,500." Something along those lines. And you should probably put it in writing jut so it's clear to everyone what your counteroffer is.
Yes, I will put it in writing (e-mail) that's how I received the original offer.
Great. Sounds good. Please let me know if you need additional assistance. If not, I would be grateful if you would please leave me a positive rating for my time assisting you. Thanks1
Thank you :)
You're welcome. Thank you too!
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