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

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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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