Legal Question in Business Law in Virginia

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

Yes, that would seem reasonable.

Read more
Answered on 8/19/13, 8:34 pm


Related Questions & Answers

More Business Law questions and answers in Virginia