USA S-Corporation Shares Question

[Sully]

I am working win an S-Corp that has two owners of equal shares 100 each.

There is a verbal agreement that one owner has 20% claim to equity before the shares distribution at 50/50.

Is it plausible to issue 40 non-voting shares to account for the extra 20% claim to RTE/Equity and still maintain equal stake in the company?

Any help here would be greatly appreciated.

 

[ArcSine]

Generally, a difference solely of voting rights doesn't give rise to a second class of stock under the S corp rules. This article might have something of interest to your objective.