FARGO INC! MAGAZINE | Can (Or Should) You Fire A Shareholder?

There is nothing inherent in being a shareholder that entitles you to a job, but firing a shareholder can still have corporate-level implications.

In closely-held businesses, shareholders often work for the company. It can be tricky when a group of shareholders/employees decide they want to terminate one of the other shareholders as an employee. As explained below, there is nothing inherent in being a shareholder that entitles you to a job, but firing a shareholder can still have corporate-level implications. (continued)