How do I resign from a corporation based in Texas?
ByNina Kaufman•
Opinions expressed by Entrepreneur contributors are their own.
I want to remove myself from an existing corporation that my partner wants to keep running. I want to have nothing else to do with it, and I want it to have nothing else to do with me in any legal, liability or financial sense.The simplest way to resign from a corporation (in any state) is to submit a letter of resignation, addressed to the president of the corporation or, if that’s you, to the next highest officer.
You should have prepared a shareholder’s agreement that outlines what happens in the event of the resignation of a shareholder. The resignation letter will trigger the unfolding of a series of events and procedures.
Among them are: 1. Working out how much you will be paid for your interest and over what period of time, 2. Whether you can work in or start a competing business and 3. Whether you can solicit clients of the current corporation.
