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I invested 20K in a small s corp. The business has made no
I invested 20K in a small s corp. The business has made no money. My partner also invested 20K I own the majority of the stock 50% I want out. Can I just take my 20K and leave the s corp. We have no w… read more
Law Educator, Esq.
Law Educator, Esq.
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S-corp created in CA - two owners thinking to create
S-corp created in CA - two owners thinking to create separate LLC under the S-corp for separate books -one moved to another State what is the best way to split but keep the brand / webpage / patented … read more
DamienJD
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Can I create a business c corp with me as the only member
Hi! Can I create a business c corp with me as the only member and then, underneath it, I can create S corp where the partners have bigger share of at least 20% to get the loan and I will hv less than … read more
Roger
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I have a question about partnership agreement. My question
Hi,I have a question about partnership agreement. My question is me and my partner started a business few years ago on my partners name. The past few years i was also working in the business as a mana… read more
Law Educator, Esq.
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This question is about sharing Corporation. Location of the
Hello This question is about sharing Corporation. Location of the business is Brooklyn NY. My Corp is "S" Corp. My brother's Corp is "C" . We want to become a partners and share our business's. I give… read more
Law Educator, Esq.
Law Educator, Esq.
126,813 satisfied customers
, One of my acquaintances has a s-corp with 1000 shares
Hi, One of my acquaintances has a s-corp with 1000 shares of $1 each and just started running a business. He has a SBA loan on that corp. We want me to be added as a 50% partner to the S-corp. Is that… read more
Richard - Bizlaw
Richard - Bizlaw
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A friend and I are considering going into business together. She has an existing sole prop
A friend and I are considering going into business together. She has an existing sole propietorship which has been in operation for about 10 years. It is a profitable jewelry business. The venture we'… read more
Maverick
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Dear Expert, I am asking this question to get a second opinion
Dear Expert, I am asking this question to get a second opinion as this is a very important matter. My partner and I own a frozen yogurt store in California under an S-corporation ("A") with 50% partne… read more
Richard - Bizlaw
Richard - Bizlaw
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Dear Attorney, My partner and I own a frozen yogurt store
Dear Attorney, My partner and I own a frozen yogurt store in California under an S-corporation with 50% partnership for each. We built that store for about $200K about 3 years ago. Now, I am buying th… read more
wallstreetfighter
wallstreetfighter
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Hi there! I am currently a partner in a LLC S corp partnership
Hi there! I am currently a partner in a LLC S corp partnership based out of New York (Nassau Country). We made no formal operating agreement when we first formed the LLC. Now, I want to remove myself … read more
Richard - Bizlaw
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Hello I have 51% ownership Scorp in California. We have 2
Hello I have 51% ownership Scorp in California. We have 2 directors do I have any powers? I do not want to dissolve his partnership I only want to relieve his salary position because business is in re… read more
TexLaw
TexLaw
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I need to incorporate my business. I have a co-founder who
I need to incorporate my business. I have a co-founder who is only putting in labor, no money. I am financing the business out of my pocket. I would benefit best in the short term as a S-coro, but i w… read more
socrateaser
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I started a contracting business (business "X") 18 months ago,
I started a contracting business (business "X") 18 months ago, with a partner that already owned a niche contracting business ("Y"). Business X is an LLC with an equal ownership split between myself a… read more
socrateaser
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My question is regarding an S-corp. I am about to start a business
My question is regarding an S-corp. I am about to start a business with a partner. I have creditor problems where I owe a number of credit cards money and they are all seriously delinquent. One of the… read more
Phillips Esq.
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I am a partner in an S-corp. There are only 2 partners, both
I am a partner in an S-corp. There are only 2 partners, both of which have 50% shares / ownership of the company. I wish to remove myself from the partnership for both personal and business reasons. I… read more
FLACORPLAWYER
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Just so I am clear I can establish and LLC with the SCorp
Just so I am clear: I can establish and LLC with the SCorp holding majority shares since it is harder to collect on personal debts of a member/partner of an LLC? Does this mean that the LLC will be ta… read more
wallstreetfighter
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I have a partner and we have s-corp setup in Nevada. She wants
I have a partner and we have s-corp setup in Nevada. She wants to give me her shares of small online business. We have not established bylaws yet. She is in one state I am in another and again we have… read more
lwpat
lwpat
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where can I find a form for an officer of our Corporation to
where can I find a form for an officer of our Corporation to sign out? Also need a form for them to sell their share of corporation.… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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