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Family Business Dispute

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K

kristen@dbc

Guest
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My brother started a business 8 years ago. SInce then my mother came to work for him for several yeasr. They could not get along and a few months ago he asked he to not work here any longer. The dispute is that she feels she has a 20% stake in the company and he feels that was a loan to the company, It is an S Corp and the taxes have been filed listing her as 20% for a few years. Is that enough documentation for her to hold that 20% status?
 
Last edited:


BelizeBreeze

Senior Member
Do you really expect a qualified answer with the limited facts you gave?

Did your mother invest in the company? Is there proof that the funds she gave were an investment other than the taxes? Has she also filed as an owner?

get the point?
 

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