Can a corporation buyout its own shareholders/partners?

Rachell Meese: If the Company is small I wonder why you have 4 share owners :-( You can own 100%, if the Companies worth is zero after deductions, that what it is worth. So, if this is the scenario, the stock can be worth, say, one dollar, yes, buy them out for one dollar, releasing them from and allowing you to take responsibility of this company properly.I HOPE YOU raise it up and have a great living! This is my *opinion* (as an X small business owner) not fact as I do not know all laws of all States etc; etc; so please look them up for your State, yet I do think this applies ;-) ...Show more

Kris Otuafi: first of all LLC is not a corporation at all. Can you as a sole proprietor of the LLC take out a loan in the LLC's name. That depends on who would lend to you personally as they would want collateral ans well as you solely to prove you can handle the debt service and your credit must be great.