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west wisconsin | If all assets are in the corp, then the sister gets 1/2 shares that dad had in corp. The family should have a lawyer that set up corp. Rules in the corperation bylaws should explain how to procede. The son(presuming he now has 75% of shares) can vote to proceed as business as usual. Son can vote to increse his salary or hire more help. The sister is only entitled to dividends of the corp. (brother can vote to put all profits back into the corp(newer machinery or more land) and not pay any) Sister can try to disolve corperation through the courts, but it is expensive and is hard to do. if corperation is disolved the TAXES will be really bad. | |
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estate settlement question
