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.

Feel free to contact my firm for a complementary 1/2 hour phone conversation

908.698.0330

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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.

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Answered on 3/28/08, 5:59 pm


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