What if the Articles of Incorporation mentioned nothing of shares except how many there are?
Essentially, you are correct. You need a further agreement among the shareholders and maybe an amendment to the articles.
Oxnard, CA
Business Lawyer at Oxnard, CA
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Essentially, you are correct. You need a further agreement among the shareholders and maybe an amendment to the articles.
If it can be shown that your stepdad transferred the property without consideration to avoid a creditor, particularly if after a lawsuit, the...
No. (1) if you ever take the assets out of the corporation, you will be taxed on the increase in value, (2) you lose the personal homeowner...
They will basically be taxed the same, but ca has a gross receipts tax on LLC gross income. Best to confer with your CPA or attorney for more...
You apparently agreed to transfer half the house in your MSA. Between the 2 of you, she owns 100%. She is taking a big risk though since your...
If no trust, then one of you should open an intestate probate and be named administrator of the estate. Once appointed, the administrator has...
If you are on title, the property cannot be sold without your signature on a deed. The other parties are free to sell their ownership interest...
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Basically the code section states that a Corp cannot issue shares of the same class or series with restrictions. Shareholders are free to agree...
Your issues can be solved by using an escrow. If no escrow, you pay off the mortgage and transfer title immediately thereafter or as close...
You should discuss with your tax advisor. Is title joint tenancy or tenants in common. If your parents have less than $11 million, there is no...