Legal Question in Business Law in Florida

Any attorney will tell you the answer is not unless there is some agreement stating this. And it also depends on the type of 20% ownership. Are you talking about a partnership, a corporation, or what? For example, a 20% stockholder in a corporation normally owns just a piece of paper (stock certificate) and doesn't get any money unless they can sell their interest to someone else. Consult with a good business attorney in your area for specific advice.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

It depends upon any agreements you may have, and the form of the entity. If there are none and you are a corporation, than no. You are a 20% shareholder, just like if you bought some shares of stock on the NYSE. But then you could sell the shares to anyone if someone else would buy them.

If it is a partnership, then you can dissolve it. Any LLC may have another answer.

If you want, consult with an attorney to discuss it more thoroughly.