Hello there, I hope you can helpp me.
I hold 60% of a Private Limited (Tourism Business). I am one of 4 directors of this Pvt, holding the majorit of the shares. Now I want to sell my shares in 5 years-installments. There is not yet a contract written but the idea is that I sign out as a director and give my shares back with signing the contract and then the payment of these shares will be done by the seller in 5-years-installments (he does not have the full amount ready, that's why he pays in 5 yearly parts).
Is there a way that I could still hold my shares untill full payment (after 5th year) has been executed without me being liable to anything of the company ... kind of a sleeping partner without any liability? And then sign out only when the full amount has been paid?
I would be most grateful for a profound advise in this matter,
thanking you very much!
Viktor
