What is the name of your state? IL
I am considering buying 50% of the shares in an S-Corporation from one of two partners. Legally, can the remaining partner (owning the remaining 50%) make it difficult for me, can he reject me as a partner/shareholder? I do not plan to hold any executive position in the company, I plan to only be a shareholder.
I am considering buying 50% of the shares in an S-Corporation from one of two partners. Legally, can the remaining partner (owning the remaining 50%) make it difficult for me, can he reject me as a partner/shareholder? I do not plan to hold any executive position in the company, I plan to only be a shareholder.