Legal Question in Business Law in Illinois
s Corp
How do I get out of my s corp with my business partner and am I entitled to half of our earnings to date?
Asked on 3/28/08, 4:55 pm
2 Answers from Attorneys
Julia Sverdloff
Pepper Legal Consulting Group. LLC
Re: s Corp
That would depend on what your shareholder agreement states to that fact, if there is one. If you don't have a shareholder agreement in place, then Illinois Corporation law regarding this issue would prevail.
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Answered on 3/28/08, 5:27 pm
John Steele
Steele Law Firm
Re: s Corp
1. yes
2. if you own half.
Answered on 3/28/08, 5:59 pm
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