Legal Question in Business Law in Florida
private corporation requirments
what is a shareholder in a private corporation entitled to? Other than an annual statement, so to speak, is there anything else that obligates the board of directors? An employee owns 25% of shares- what is the board of directors responsible for in regards to him?
Asked on 4/14/09, 11:41 am
1 Answer from Attorneys
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
Re: private corporation requirments
That's a big question to answer. They write books onit. Go th myflorida.com and navigate to government then legislature the click on "look uo Florida Statutes" and go to chapter 607. That is the section that deals with corporations. It will provide you a lot of information about who can and should do what.
Answered on 4/14/09, 12:04 pm
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