Salon Partnership -- S Corporation (15 PA.C.S. 1306)

This is a discussion on Salon Partnership -- S Corporation (15 PA.C.S. 1306) within the Business Contracts & Partnerships forum, part of the BUSINESS & FINANCE LAW category; Pennsylvania Two parties in a salon business S Corportation partnership. This is a business-stock domestic corporation (15 PA.C.S. 1306). 1. ...

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Old Mar 1st, 2011, 06:09 PM   #1
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Confused Salon Partnership -- S Corporation (15 PA.C.S. 1306)

Pennsylvania

Two parties in a salon business S Corportation partnership. This is a business-stock domestic corporation (15 PA.C.S. 1306).

1. Can one partner hire new employees without the consent of the other partner?
2. Can one partner take control of the business without consent of the other partner?

Thank you.
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Old Mar 3rd, 2011, 10:17 AM   #2
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Default Re: Salon Partnership -- S Corporation (15 PA.C.S. 1306)

Do you have a stockholders agreement?

You normally would and it would tell how decisions can be made.

Normally you both must agree unless the agreement says otherwise.
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