Posted by Jl Evans on 5/13/05

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We need help. My husband and I are equal shareholders in a
business with another couple.

The wife of the other shareholder worked for the company
thru 1/05 at which time she was being paid a week salary.
After she left because I suggested that we terminate the
relationship, she wanted the salary to continue. She bases
this own, we own 50% and should be paid equal to what I am
paid until she decides it should stop whether she
contributes to its continuance or not. She said, I should
find the money to pay her no matter what including paying
her out of 941 tax dollars.

My question, how would such hold in court. We really do
not have the money to pay her unless we default on our
taxes. She has in no way contributed to generating the
income. This has been done by my husband and I and the
other staff.

For some reason, she believes if she owns 25% of the
shares, she is entitled to whatever until.... Is she
thinking of a partnership perhaps?

Thanks

Corporation Sub S owners dispute re. pay, 5/13/05, by Jl Evans.

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