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We own a small business. No one draws a salary. No one even

We own a small business. No one draws a salary. No one even works there, we have a manager. Everyone pays their own share of taxes from their K-1 It's an S corp. There are 2 minority shareholders that are mad because we did not pay a distribution. We voted to do this to build cash to pay down our debt. The other 3 shareholders are the only ones on our bank account as signors. We discovered today that the 2 minority shareholders somehow created a pin number and now have access to the corporate account. They had asked for bank statements and we had agreed to provide them if they signed a standard NDA. They never returned it signed but somehow obtained a pin # ***** are able to view and print whatever they want. What should we do? Is there any way that a judge would have ordered this?

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Loren

Juris Doctor

 
34,712 satisfied customers
I'd like a list of documents I would need in order to

Hi, I'd like a list of documents I would need in order to bring on a new person into my solo S-corp.

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Irwin Law

Juris Doctor JD

 
8,076 satisfied customers
I'm bringing on a new partner to my S-Corp to have 30%

I'm bringing on a new partner to my S-Corp to have 30% stake in the company. Currently, I own 70%, and the company owns 30%. We'd like to change it to the company = 10%; new partner = 30%; and I = 60%. Is there an easy way to accomplish this? Do I need to sell him 10%, and then have the company sell him 20%? Or is there a method to just do one transaction for him?

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I'm a minority shareholder in a DE LLC, the company is doing

I'm a minority shareholder in a DE LLC, the company is doing business in CT and I live in MA. Do I need a DE attorney? I was frozen out of the biz.

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Ely

Counselor at Law

Juris Doctor

 
62,126 satisfied customers
We are buying a company in Nevada. It is a Corporation and

We are buying a company in Nevada. It is a Corporation and we are buying it as a Stock Purchase Agreement. What form do we need to file with the State of Nevada to let them know we are buying the company and to get our LLC name as the owner of the corporation?

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J. Warren

Attorney

Doctoral Degree

 
3,870 satisfied customers
What's the difference between LP, LLC and inc?

What's the difference between LP, LLC and inc?

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Loren

Juris Doctor

 
34,712 satisfied customers
Does a law automatically consider a shareholder with 20.75%

Does a law automatically consider a shareholder with 20.75% shares of a company, a board member?

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5,052 satisfied customers
I have a copy of our S-Corp incorporation document. In that

I have a copy of our S-Corp incorporation document. In that document we have authorized CNP 2000 shares with $0 PAR value. None of the shares were assigned. How should I write up the stock purchase agreement now. Is it right to have a buyer and seller when none of the shares were assigned. How do we now establish 51% ownership now to my wife.

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

 
104,286 satisfied customers
I need a sample clause LLC operating agreement (member

I need a sample clause for an LLC operating agreement (member managed) which grants the organizing member an equity interest in the LLC. Four other members will contribute $25K each. The organizer has obtained the location, the conditional use permit and will obtain the dispensary license. The organizer intends to be an equal member (20%) for organizing the LLC and obtaining the necessary permits and licenses.Existing boilerplate wording:NITIAL CONTRIBUTIONS. The Members initially shall contribute to the Company capital at least one share/($X,000.00) and the company shall keep record of the amount each members shareholdings.Please provide sample alternate wording

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

 
104,286 satisfied customers
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