Legal Question in Business Law in Indiana

Ownership Rights

I am a minority owner in a company that I also work for. My position is VP Marketing and I own about 4% of the company. I'm considering leaving the company and want to know what my rights are as an owner who no longer works for the company. What kind of documentation do I need to prove my ownership? Are there any other documents required to prove my ownership? Thank you for your help.


Asked on 2/23/01, 3:38 pm

1 Answer from Attorneys
C. David DuMond Law Offices of David DuMond

Re: Ownership Rights

There may be a Shareholder's Agreement describing your rights in this case. Look for a copy or ask the company for a copy. If there is no shareholder's agreement, then you have 4% of the company, for what that's worth. You could offer to sell your interest to anyone, but make sure you comply with any applicable securities laws. There is probably an exemption available, but you should have an attorney check it out for you.

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Answered on 4/05/01, 8:38 am


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