A friend has set up a corporation with another person about four years ago. They had difficulties getting along from the very start and parted
My friend continued with the business on his own. The other guy was not involved, in fact, he was out of the state all this time.
Now he shows up. He says the corporation was never dissolved. He therefore is claiming 50% of the business. He happens to be the president of the corporation on paper.
Can this guy actually prevail legally? Can he claim part of the profits from the past?