I started an S-Corp with two other guys. They have 33% each, I have 34%. One of the shareholders is leaving and giving up his shares. I have a few questions.
I was told that those shares need to be owned by someone and not just "put back into the company." I would like to keep the split as the majority shareholder. The other owner keeping shares won't go for that. Any suggestions on options?
I am also wondering if anyone has suggestions or links to buyout agreements and operating agreements. We didn't set them up but need them to protect each other going forward. I want to avoid someone not pulling their weight as either of us gets too busy or doesn't look to create more value in the company.