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View Full Version : Dissolving a S Corporation


casey7398
Jun 2, 2009, 04:34 PM
I own a company where I am the 51% owner, CEO/President and Chairman of the Board.
I have 4 partners owning the 20%, 10%, 10%, 5% and 4% is open stock.

Do I have the authority and power to dissolve the company?

excon
Jun 3, 2009, 04:33 AM
Hello c:

The way you ask indicates that there's a feud going on. If that's the case, you have a fiduciary duty to your stockholders NOT to lose their money.

IF, on the other hand, the company is broke and you're not closing to spite anyone, you certainly can.

excon