Tammy W. asked

⚖️  Law

I am the President of an incorporated roofing company with 36% ownership. The CEO, who owns 51% of the company, recently cut office staff pay by 20% and may shut down the business. He does not work full-time and receives rent from the company for the building it occupies. What are my rights regarding the potential closure, the pay cuts, and my role in the company if I am asked to leave?

May 16th, 2023

Brenda B. answered

As a 36% owner of the corporation, you are entitled to 36% of any remaining assets after corporate d...

May 16th, 2023

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