Guest Dan Kom Posted September 21, 2004 Posted September 21, 2004 If a partner of a corperation holds 51% to 49% of a two person corperation. Can he demand money from the corperation to sell his shares, even if he cant account for any investment to allow this golden parachute. Can there be anything done to not allow for this kind of action.
david rigby Posted September 21, 2004 Posted September 21, 2004 Huh? I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Guest Dan Kom Posted September 21, 2004 Posted September 21, 2004 Thats right, Its a mexican corp I might add. So 51% to the national. Does that clear things up a bit
david rigby Posted September 22, 2004 Posted September 22, 2004 I don't have any idea what this is about. Please start over. List facts (disguised for your own privacy as necessary), and chronology. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
GBurns Posted September 22, 2004 Posted September 22, 2004 First, I would think that a mexican corp is subject to mexican corporation law not that of any state in the US. Second, you posted "partner in a corporation". Did you mean shareholder as in being 1 of 2 shareholders or did you mean partner as in partnership? I do not know about Mexico but I think that all states in the US make a big difference between the two forms of entity. So does the IRS. Third, What does investment and golden parachute have to do with demanding money? Last, What do you mean demand? The selling of shares is not a demand to a company even if he is trying to get the comapny to buy his shares. Truthfully, you have me confused as to what the issues are. George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
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