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As a minority, non-employee shareholder (4.7%) in a US based

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S-corp, can I demand all...
As a minority, non-employee shareholder (4.7%) in a US based S-corp, can I demand all of my share of the company profit at the end of the year? Right now the comapny is making a 40% distribution of the quarterly profit so the shareholders can pay estimated taxes.
Submitted: 7 years ago.Category: Business Law
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4/7/2010
Business Lawyer: Richard - Bizlaw, Attorney replied 7 years ago
Richard - Bizlaw
Category: Business Law
Satisfied Customers: 10,703
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No you cannot demand distribution of your share of the profits because the amount to be distributed is determined by the Board of Directors.

 

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Richard - Bizlaw
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Experience: 30 years of corporate, litigation and international law
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