Do I resign as a director/officer before or after I sell my
corporation?  Asked 8 months ago - San Diego, CA  I'm retiring,
and selling the shares in my small business corporation. I'm the
corporation's only director and officer. I'm supposing I should
resign both posts, but do I do that before I transfer my shares,
or afterward?  Thank you for any help.  Attorney answers (4)
1. Contributor Level 7       Lawyers agree       Answered .
Normally, you would first sell your shares to the buyer(s), and
such sale would be approved by a board resolution signed by you.
In the stock purchase agreement, there should be something about
you agreeing to resign your position as director and officer
contemporaneously with the sale. At that point, the new
shareholder(s) would hold a meeting to elect the new board, and
the new board would elect the new officers.    2. Contributor
Level 12       Lawyers agree       Answered . Normally you'd
wrap up your resignation along with the appointment of the new
BOD and officers (pro