Legal Question in Business Law in Virginia
do i own 100%
i bought a corp 3 yrs ago and found out that someone owns 25% of shares the man i bought it from has to pay back the man who owns the 25% does the man still own the 25 if has been reinbursed the man said he would sign a note stating he will give his % to me for 200.00 should i pay if he has been given money for his shares
1 Answer from Attorneys
Re: do i own 100%
From your description of matters, it is hard to determine whether in fact you own anything at all
with respect to this corporation; and, before engaging in any further transactions involving this alleged corporation, I would strongly advise that you have an attorney familiar with business and corporation law in the Commonwealth review all documents and papers associated with this matter and who then should be able to properly advise you.
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