Legal Question in Business Law in Arizona
S corp. buy out.
I own 45% and my wife owns 55% since we wanted the WBE cert. We have never used. I an the qualifying party of the electrical company. How do I get her out when she has more shares or can I? I understand buying her out but she will be hard to do. No buy out agreement was made.
Asked on 2/25/07, 11:43 am
1 Answer from Attorneys
James Jenkins
Jenkins Law Center PLC
Re: S corp. buy out.
Not sure what you mean by "get her out" unless a divorce is contemplated, in which case this is the wrong category. You then have a family law question.
You can come to a voluntary agreement to buy another owner's interest, or file a petition in the court for a dissolution of the company. The latter is also very challenging.
Good luck.
Answered on 2/26/07, 3:28 pm
Related Questions & Answers
-
Wife served with lawsuite My Wife was served with a Lawsuite. It Was Against my... Asked 2/19/07, 10:53 am in United States Arizona Business Law
-
Thrift store new and used items I am opening a second hand store that will consist... Asked 2/11/07, 12:50 am in United States Arizona Business Law
-
Contract dissolution iI signed a contract and the same day I decided to change my... Asked 2/05/07, 10:53 pm in United States Arizona Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
