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Thread: close corporation resignation

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    close corporation resignation

    5 years ago, I resigned as an employee of my current company. The owners requested that I retract my resignation and they offered me a 25% share of the cc for purchase. I subsequently purchased the share. Now I am in the process of selling the shares back and have to resign as a member of the cc. My question is, was my previous contract of employment terminated when I became a member, or is it still binding once I have resigned from the cc.

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    Site Caretaker Dave A's Avatar
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    When you bought the shares, did you sign a partnership agreement by any chance?
    The trouble with opportunity is it normally comes dressed up as work.

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    No Partnership or Association Agreement were signed.
    I am also looking for a general release from liabilities template to get the ex partner to sign.
    Thank you

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