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FAQs

In a shareholder’s dispute, are legal fees payable from company funds?

It would depend on the issues involved, such as whether the plaintiff or applicant shareholder’s claims have merit. A majority shareholder in control may be able to cause the Corporation to pay legal fees from company funds; however, a court may later decide otherwise. Even if fees are paid by a Corporation, they may not be deductible to that Corporation; you would need to consult an accountant.

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Telephone: 905.451.3040 Fax: 905.451.5058 Email: lls@lawrences.com

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