How can I protect my legal right when company was dissloved?

Question

I am an investor of a S corp in CA. I own about 5% shares of that company. The owner (he owns 90% of outstanding shares) is trying to dissolve this company without have consent of the other shareholders. Can he do that? What can I do to protect my right?

Answer 1

You'd have to file a lawsuit. Minority shareholders do have rights to prevent a 90 percent owner from taking unfair advantage, but without a lawyer, you probably won't get very far.