What is the name of your state (only U.S. law)? North carolina.
I've been running a marginally profitable tech business as a wholly owned S corporation for 4 years. Now I have a job offer from a good company. I'd like to take it, but they won't hire me while I own a company. They see it as a conflict of interest, and I agree.
I can
-- sell my shares to my wife. But I bet the company wouldn't believe I was really out of the business then.
-- sell my shares to my office manager. But she doesn't have the money to pay me what they're worth.
-- find a business partner to buy my shares. But that will take a while, and the job is ready now.
-- ????
Any ideas?
Also, what legal document do I use to transfer the shares?
Thanks, all.
I've been running a marginally profitable tech business as a wholly owned S corporation for 4 years. Now I have a job offer from a good company. I'd like to take it, but they won't hire me while I own a company. They see it as a conflict of interest, and I agree.
I can
-- sell my shares to my wife. But I bet the company wouldn't believe I was really out of the business then.
-- sell my shares to my office manager. But she doesn't have the money to pay me what they're worth.
-- find a business partner to buy my shares. But that will take a while, and the job is ready now.
-- ????
Any ideas?
Also, what legal document do I use to transfer the shares?
Thanks, all.
