Two brothers co-own a corporation, with a 60-40% division of stock. The minority shareholder works as a Vice President. He wants to retire, but the other brother does not. What can he do?
Two brothers co-own a corporation, with a 60-40% division of stock. The minority shareholder works as a Vice President. He wants to retire, but the other brother does not. What can he do?
The most sensible thing to do under this type of circumstance, whenever possible, is to negotiate a buyout agreement with the co-owner who wants to continue to run the business.