Legal Question in Business Law in Florida

Hi. I'm the major shareholder in a start-up with a handful of minority shareholders. Beyond their initial investments, the minority holders have not contributed any more, while I have contributed another chunk of capital. Is there any kind of call the company can make to even up the capital accounts?


Asked on 11/30/15, 6:19 am

1 Answer from Attorneys
Joseph Brien THE PEOPLE'S ADVOCATE

The powers available are located in your Bylaws and other located in your Corporate documentation (kit?).

If your bylaws are silent on this matter, you should consider have a consultation with a lawyer and develop a strategy to handle this matter. Most things can be negotiated and there are other alternatives such as converting to a loan with interest and have some or all of the income your receive declared a repayment of loan instead.

There are many options that a competent Business Attorney could advise you on. Knowledge is power; know your rights.

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Answered on 11/30/15, 7:42 am


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