Expert Analysis

Co-founder terminations: The importance of good paper signed on incorporation

By Koby Smutylo ( September 25, 2026, 2:31 PM EDT) -- Barry Anthony Cullain owned one-third of an Ontario elevator maintenance business and was its vice-president of operations. The other two shareholders each held a third. While an acquisition financing was closing, they proposed to buy his shares. The financing failed. They took him off the payroll and said he had retired....