Legal Question in Business Law in Illinois
I am a stockholder of a tax company,we are 5 members and the stockholder manager did not pay for the corporate tax for 5 years and made fraudulent income taxes,in simple terms,waiting for the decision of the judge.Questions,he stop paying us dividends for two years and wanted me to removed as a stockholder.what are my rights and options.
1 Answer from Attorneys
As a Franchise Attorney I can only say the following. In order to answer your questions regarding dividends and stockholder removal, it's necessary to first review all appropriate corporate documents. These would include shareholder buy-selling agreements, the minutes authorizing the issuance of your stock, copy of your share certificate and other documents. Once you have these, consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
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