If one person, having equal 50/50 ownership in a corporation, pays the bills of the corporation with personal funds, does the other owner have a legal liability in repaying half the funds?
Asked on 8/19/13, 8:55 am
1 Answer from Attorneys
Michael E. Hendrickson Attorney & Counsellor at Law
0 users found helpful
0 attorneys agreed
Yes, that would seem reasonable.
Answered on 8/19/13, 8:34 pm
Related Questions & Answers
I am a physical therapy program graduate that just failed the first PT license exam.... Asked 8/09/13, 9:41 pm in United States Virginia Business Law
How do you sue to receive unemployment compensation from a religious organization... Asked 8/07/13, 10:36 am in United States Virginia Business Law
My roomate bought a used car from a private dealership on july 11, 2013. We were... Asked 8/04/13, 7:21 am in United States Virginia Business Law
Is it legal to issue an invoice to ones own company when the vendor does not issue... Asked 7/23/13, 9:02 am in United States Virginia Business Law
Can a person who is not a US Citizen or a Green Card holder and who has registered a... Asked 7/17/13, 5:19 am in United States Virginia Business Law