My husband recently fixed all the papers to open a small trucking company. The owners are himself and I and we are directors with one other person. Should there be, or is there a document that should say if the company folds up or is sold how the proceeds should be split? If so what is the name of this document?
2006-09-08 08:29:04 · 5 answers · asked by Anonymous in Local Businesses ➔ Other - Local Businesses
Its a limited liability company.
2006-09-08 08:29:58 · update #1
Any Lawyers out there I really need answers.
2006-09-08 08:50:24 · update #2
yes this should have been spelled out in the company charter if you are Incorporated then the law is already clear on the mix ( when you filed for it you specified ownership ) EVEN MORE IMPORTANT is liability SEE an attorney and get them to draw up an ownership agreement
2006-09-08 09:05:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You realize that lawyers give advice for a living, right? Why would you expect them to help you for nothing? Free legal advice is worth exactly what you pay for it anyway.
2006-09-08 16:03:59 · answer #2 · answered by MOM KNOWS EVERYTHING 7 · 0⤊ 0⤋
That's really not taught in accounting. It sounds more like business law.
2006-09-08 15:35:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
i'm not sure you need an accountant for this. maybe a lawyer?
2006-09-08 15:34:42 · answer #4 · answered by Nikki H. the wizard 3 · 0⤊ 0⤋
absolutely there should be - speak to an attorney!
2006-09-08 15:35:59 · answer #5 · answered by firenice 2 · 0⤊ 0⤋