Partner Confiscates Business

[seeksadvice]

My business partner has refused to share corp or accounting data with me. We are equal shareholders in an 'S' type NJ corp. He has taken all assets of the company including $20k worth of inventory.

I'd like to dissolve the corp and liquidate the inventory but he refuses to cooperate.

What are my options?

TIA

 

[JETX]

This one is really simple....
What do the Articles of Incorporation and the Corporate By-Laws say about dissolution, 'buy out' of shares, dispute resolution, malfeasance of shareholders, Board of Director votes, etc.?

Read them. They will tell you what you can and can't do and how to do it.

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Steve Halket
Judgment Recovery of Houston
[email protected]
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This is my PERSONAL OPINION and is not legal advice! Consult your local attorney for your specific situation and laws!