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I want to shut a C Corp of which I am majority stockholder.

There is a loan from...
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 ?
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Answered in 12 minutes by:
7/5/2012
Attorney Arcadier
Category: Business Law
Satisfied Customers: 1,106
Experience: Contract questions and Incorporation questions answered.
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How many stockholders are there in C Corp. Did you all execute a shareholder agreement?
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Customer reply replied 5 years ago
Yes, every aspect was documented by attorney and accountant
Customer reply replied 5 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.
Attorney Arcadier
Category: Business Law
Satisfied Customers: 1,106
Experience: Contract questions and Incorporation questions answered.
Verified
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Attorney Arcadier
Attorney Arcadier
Attorney Arcadier, Attorney
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Experience: Contract questions and Incorporation questions answered.

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