Legal Question in Business Law in Florida

florida scorp law shareholder rights

do profitable s-corps have to pay shareholders dividends on corp profits?


Asked on 6/25/09, 11:25 am

2 Answers from Attorneys
Sarah Grosse Sarah Grosse, Esquire

Re: florida scorp law shareholder rights

The corporation's Articles of Incorporation and/or the Bylaws state how and when dividends must be paid to shareholders. Additionally, Resolutions of the Board of Directors may impact allocation of corporate profits/assets and decisions to pay dividends.

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Answered on 6/25/09, 11:58 am
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Re: florida scorp law shareholder rights

No, unless there is a shareholders agreement requiring the payment of dividends.

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Answered on 6/25/09, 12:28 pm


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