Shareholders

[Chirotay]

Jurisdiction

Montana

I was a 11% shareholder of corporation which was a cattle ranch. I have a question. Before the ranch was sold I, as a shareholder, absorbed some of the loss because the ranch was working in the red for a few years. I got most if not all of my taxes back fir several years because of the losses. So when the ranch sold and there was a profit would I, as a shareholder be entitled to 11% of that profit?

 

[adjusterjack]

Maybe. It depends on the terms and conditions of any contract you might have had with the company or how you purchased shares or invested in the company.

You apparently have no clue as to what you got yourself into so I suggest you take all of your paperwork and tax records to an attorney and review your options.