Legal Question in Intellectual Property in Michigan

Ownership of patents after S-corp dissoves

There are 4 owners of an S-Corp. One owner at 50%, the other 3 total 50%. There are several patents, both design and utility. Most, but not all were developed by the 50% owner. All were purchased by the S-corp, paid for with corporate funds, and on the balance sheet as corporate assets. They are issued under the personal name and personal address of the 50% owner. If the company were to dissolve through a forced sale or liquidation, who would (could) own the patents?


Asked on 5/31/05, 7:30 am

1 Answer from Attorneys
Irving M. Weiner Weiner & Burt, P.C.

Re: Ownership of patents after S-corp dissoves

This is really not a patent question. It's an IRS/personal property question. I recommend you consult a CPA or tax attorney.

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Answered on 5/31/05, 2:44 pm


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