Washington  |  Business Law

Legal Question

Asked on: 12/08/04, 11:35 pm

Dissolution of one business owner

There are five business owners in our corporation. One of those owners has a 40% share of the business. He has embezzled a large amount of money, caused multiple problems for our company with customers and vendors. We would like to dissolve his ownership and ''boot'' him out of our company. He did not put any monetary funds into starting the company, just gained the 40% ownership based on his expertise. How do we dissolve his ownership?

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