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Employment question
I'm a 15% partner in a small engineering firm of about 30 people. When I started with the company and began buying shares the boss was great. Since then the boss has retired & sold his shares to someone else who has become the majority shareholder/manager. In the 3 (4?) years since that has happened I have watched the manager fuck up at every turn. He does not take any input from the other 3 shareholders and pisses away the company at every turn. So I've decide to get the fuck out. I live in a small town with limited opportunities in my field. The shareholders agreement says that I can not compete for 1 year after I leave so I can not continue doing the same thing privately for 1 year. I can't afford to be unemployed for a year. If i quit I pay large taxes on the sale of my shares, if I'm fired I pay less taxes.
Should I tell the shareholders that I am actively looking for employment elsewhere and that I will be bailing as soon as I find something else?
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