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  1. #1
    Join Date
    Sep 2016
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    13,916

    Default How to Retire from a Family Corporation

    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?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: How to Retire from a Family Corporation

    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.

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