LogFAQs > #963221432

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Topic	Can a company just shut down whenever they like?
The_Viscount 03/06/22 5:09:44 PM #11:	BlackScythe0 posted... They would have to buy back all their stock as one of the steps, but I'm not sure what all would be involved beyond that. I'm not sure they technically would. If they voted on shutting down and had a majority stake, that might be enough. While there's a supposed responsibility to shareholders, that's rarely worked in practice because the majority shareholders have often worked to the detriment of the lesser holders. --- Woken LLC <cite>The_Viscount posted [p:963221432] in Can a comp... [t:79929992]...</cite> <quote>BlackScythe0 posted... </cite> <quote>They would have to buy back all their stock as one of the steps, but I'm not sure what all would be involved beyond that.</quote> I'm not sure they technically would. If they voted on shutting down and had a majority stake, that might be enough. While there's a supposed responsibility to shareholders, that's rarely worked in practice because the majority shareholders have often worked to the detriment of the lesser holders. --- Woken LLC</quote> ... Copied to Clipboard!
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