If I want to resign as the President of a C Corporation (CA), what forms do I use and who do I need to notify?
I am currently listed as president for a family operated retail store (mattress & furniture). We have been in business 4 years and the business will still operate. I need to remove myself as president and transfer the title to another. Please list the documents I need file to officially remove my name from the corporation and turn it over to the other person.
Response:
In order to resign as president you need to send a letter of resignation. You may also be a director and if you want to completely disassociate yourself from the corporation you will also need to resign as a director if you are one. If you are a shareholder, there may be a shareholders agreement that establishes the protocols for the transfer of shares. It sounds as if you should speak to a business attorney in your area to review the corporate documents and advise you in the matter.
This answer does not constitute legal advice, nor does it create an attorney/client relationship. If you are seeking legal advice upon which you intend to rely, you should hire competent counsel familiar with this area of the law in your locale.
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