If I am 25% owner of the company that I am running but have not seen the paperwork to make it official, does that mean that I have nothing right now?
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If I am 25% owner of the company that I am running but have not seen the paperwork to make it official, does that mean that I have nothing right now?
I have been running this business for about a year and the paperwork has not been filed yet. I am becoming suspicious of the intent of my partners. I only have a written agreement stating that I have 25% and that is it. If things were to stop now am I still untitled to my 25% of the company? And how would I go about retaining my 25%?
Asked on August 8, 2012 under Business Law, Pennsylvania
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
When you say that you a "written agreement" do you mean a partnership agreement? That is a binding contract so that is a really good start here. What other "paperwork" do you mean here? I would take the agreement to an attorney to review and discuss the matter in great detail. Good luck.
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