Legal Question in Business Law in New York
MY partner and myself have 45 and 55% respectively in the US company based in NY. Our US company own 99% of the subsidiary company in Finland. Through the US company we, partners invested our contributions to the Finnish subsidiary financing it for land acquisition and the construction.
Q: How can I get out of the US company taking all my shares holding and contribute them to the Finnish company thus becoming the shareholder of the Finnish company?
1 Answer from Attorneys
Generally speaking, the parent company could sell you a portion of the subsidiary equivalent to your stake in the parent company. You would need to seek approval from your existing partner and from the other shareholders of the subsidiary. There may be tax implication if not executed properly.
Please contact me directly for help with this issue.
Roman R. Fichman, Esq.
www.TheLegalists.com │ @TheLegalist
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