Commentary

118 The need for restrictions on transfer

BUSINESSES vol 4(2) start-up, sale and purchase
| Commentary

118 The need for restrictions on transfer

| Commentary

(h) Retirement or death of a shareholder

118 The need for restrictions on transfer

There are various situations where a shareholder may wish to retire from the company. It may be that the shareholder has gained all the benefit he can from the company business and now wishes to move on to another project. Alternatively, he may feel that he no longer shares the same outlook or vision for the business as the other shareholders and that it will be difficult if not impossible for him to continue the collaboration. As a result, it would be best for all concerned if

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