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Old 04-22-2008, 06:46 AM
Nascaren Nascaren is offline
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Join Date: Apr 2008
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Default oppression by majority shareholder

Would it be considered oppression toward the minority shareholder or just flat out against the law if the majority shareholder who controls the LLC forms a non profit "church" (which he controls), makes significant charitible contributions to that "church", then draws a salary from the "church"?

The majority shareholder is getting a tax credit from one company he controls by donating money to another company he controls then drawing a salary from that company. It appears to me that this is a way for the majority shareholder to draw more of the profit from the LLC without having to split it with the minority shareholder.

Any advise would be useful.
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