Legal Question in Business Law in Massachusetts

The quickest and best way to dissolve your c-corp would be set forth in the organizational documents. You can also resign. Given the lack of assets, etc., it doesn't appear that you'd be forfeiting anything. The only remaining issue would be your non-compete, which is hard to reconcile with the 'no employees, no clients..." issue.

Bottom line, the answers to your questions are most likely in the documents. Feel free to contact my office, or any attorney in the field, for a more qualified answer.

I would have to review your corporate documents and other agreements between you and the company to make a recommendation to you.

The easiest way to deal with matter is for the other two shareholders to buy you and the other person out of the company for a $1 and release you both from the non-compete.

Otherwise, depending on the facts and stock ownership, you can sue for dissolution unless you have enough votes by the shareholders to force a dissolution.

You can contact me in my office to discuss your case without obligation

The other attorneys are right on point here. Also a personal consultation is appropriate, given these circumstances. Consult with a good business attorney in your area for specific advice.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney