What do I need to do to change a corperation from three owners to one owner in nebraska? I own 1/3 .?

Question

What do I need to do to change a corperation from three owners to one owner in nebraska? I own 1/3 .?

Answer 1

You can't be a corporation with only one owner. You can dissolve the corporation and become a sole proprietor. The only problem is, you are wholly responsible for the debts and lawsuits of the sole proprietorship. Taxes are simpler and less. Your partners probably want their share of the take, disincorporate and it's all yours!