What is the name of your state?New York
If two related individuals form a corporation thinking that both own 50% of the voting shares but years later the one relative finds out that only 1 common voting share was issued and that is owned by the other relative partner in the corporation, does this mean that the relative with the ONLY 1 common voting share owns the corporation 100%.
As well in the articles of incorporation it only shows the person with the share being the only incorporator and director of the company. Does this mean that the other partner was lied as he invested more than $100.000 into this corporation.
Can anyone help.
If two related individuals form a corporation thinking that both own 50% of the voting shares but years later the one relative finds out that only 1 common voting share was issued and that is owned by the other relative partner in the corporation, does this mean that the relative with the ONLY 1 common voting share owns the corporation 100%.
As well in the articles of incorporation it only shows the person with the share being the only incorporator and director of the company. Does this mean that the other partner was lied as he invested more than $100.000 into this corporation.
Can anyone help.