Legal Question in Business Law in New York

MY partner and myself have 45 and 55% respectively in the US company based in NY. Our US company own 99% of the subsidiary company in Finland. Through the US company we, partners invested our contributions to the Finnish subsidiary financing it for land acquisition and the construction.

Q: How can I get out of the US company taking all my shares holding and contribute them to the Finnish company thus becoming the shareholder of the Finnish company?


Asked on 9/30/14, 7:38 pm

1 Answer from Attorneys

Roman Fichman Esq. Law Practice of Roman Fichman Esq.

Generally speaking, the parent company could sell you a portion of the subsidiary equivalent to your stake in the parent company. You would need to seek approval from your existing partner and from the other shareholders of the subsidiary. There may be tax implication if not executed properly.

Please contact me directly for help with this issue.

Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

email: Info (@) TheLegalists (dot) com

t e l : 2 1 2 -- 3 3 7 -- 9 8 3 7


Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. No intention exists to create an attorney-client relationship or any other special relationship or privilege through this post. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.


IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any matters addressed herein.

Read more
Answered on 9/30/14, 11:00 pm


Related Questions & Answers

More Business Law questions and answers in New York