Jeffrey W. Kreye's Answers

What are the rights of a Stockholder in an "S "Corporation Company?

The answer will depend on the state in which the companies are incorporated, as well as on the Bylaws of the companies and any shareholders or buy-sell agreements in place. No matter where the company is, you should have the right to attend shareholders meetings and examine corporate books and records. I suggest your first contact should be with the companies themselves to ask for copies of their incorporating documents (articles of incorporation, certificate of formation or the like), bylaws,...

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Closing s corp

You need to consult with an attorney in your area to make sure you properly close down the corporation to avoid personal liability. Many states have laws that lay out how a dissolving corporation must treat known and unknown creditors of the business. Generally these laws require that you notify all known creditors of the business that the business is closing and make some attempt to resolve all corporate debts. If you follow the laws you should be able to avoid personal liability. However,...

Transferring LLC interests to another party.

Just to expand a bit on the existing answers, it sounds as if the "different couple" you are contemplating a transfer to are third parties and not the other couple that currently own membership interests in the LLC. If that is the case, your transfer may require the approval of the other members. You should definitely consult with an attorney in your area to review the operating agreement and make sure all the is are dotted and the ts are crossed correctly. Most likely an assignment will...