Results 1 to 3 of 3

Thread: close corporation resignation

  1. #1
    New Member
    Join Date
    Dec 2015
    Location
    Durban
    Posts
    2
    Thanks
    0
    Thanked 0 Times in 0 Posts

    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.

  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,648
    Thanks
    3,304
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12
    When you bought the shares, did you sign a partnership agreement by any chance?

  3. #3
    New Member
    Join Date
    Dec 2015
    Location
    Durban
    Posts
    2
    Thanks
    0
    Thanked 0 Times in 0 Posts
    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

Similar Threads

  1. [Question] RA For member of Close Corporation
    By LGripper in forum Accounting Forum
    Replies: 3
    Last Post: 20-May-15, 05:02 PM
  2. Re-Instating a De-Registered Close Corporation
    By Elijah in forum General Business Forum
    Replies: 5
    Last Post: 07-Jun-14, 10:38 AM
  3. Close Corporation De-Registered
    By julies in forum General Business Forum
    Replies: 2
    Last Post: 17-Mar-14, 05:05 PM
  4. [Question] ASAP: Close Corporation Membership
    By jonathan87 in forum General Business Forum
    Replies: 6
    Last Post: 10-Jan-12, 08:35 AM
  5. [Question] Associated Agreements for Close Corporation
    By Brian salthouse in forum General Business Forum
    Replies: 0
    Last Post: 20-Feb-11, 02:05 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •