we are currently setting up a shareholders agreement for three eqaual partners with 33 1/3 share each, however within 5 years one of the shareholders is up for retirement.
The original document prepared states all shares must be sold at a "fair value" back to the business or other shareholders on 1,death 2,gross misconduct 3,leaving the company.
The third item will cover retirement as leaving the company however ther is an objection to this from one of the tree involved.
I understood this was normal for a small company but would welcome any thoughts and reasons for staying in or getting out, i just want this agreement in place prior to start up in 30 days.
