I start a corporation with another person; each of us own 50%. However, I provided all the investment capital to establish the corporation. The other person wants keep the business and doesn't want to let me participate in the company. What do I have to do claim my part?
-- Anonymous
A.
The answer to your question will depend in large part on what documentation you have in place. Where is it reflected that the other person owns 50% of the company when you put up all the money? Have you perfected the incorporation, which would include issuing stock, electing directors and appointing officers? If not, you may want to reassess the situation. Otherwise, if it is established that the two of you do own the corporation 50/50, you may be at a deadlock where the ultimate resolution may only be to dissolve the corporation. You should go see a business lawyer on this right away.
