NY Order to Show Cause to Get Payments

Asked 7 months ago - New York, NY

I am a shareholder of an S corp that is refusing to pay me my share of disbursements and has not paid me in 16 months. The other partners are getting all the disbursements and I get zero. Can I file an Order to Show Cause to get immediate payments and back payments? Is the NY Supreme Court that quick and efficient?

Attorney answers (2)

  1. Ryan G. Blanch

    Pro

    Contributor Level 13

    Answered . Scheduling depends on the county that you'll file in. Sometimes a demand letter from an attorney is enough of a warning before something is filed in court

    As we don't know enough about your case, you should not consider my answer to be legal advice. You would need to... more
  2. Bruno Patrick Bianchi

    Contributor Level 18

    Answered . You should consult an attorney about how best to proceed. You will have to initiate an action and seek immediate injunctive relief. If the corporation has assets (i.e. bank account) you may also want to attach them to insure payment.

    The above constitutes general information only and should not be considered legal advice.

Related Topics

Small business s-corporation

An S corporation does not pay federal income taxes, instead passing its income, losses, deductions, and credits through to its shareholders.

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