There are a number of issues here that have been pointed out by the prior responses. You should retain a process service company - they may be...

LLC or C-Corp to an S-Corp?

It sounds like forming a single-member LLC is the way you should proceed at this point. Notably, you can elect to have the LLC taxed as an S-Corp...

I owned 12.75 shares in a corporation made up of 22 families and I would like to give my stock back, can I do this?

In addition to the information provided in previous answers, the transferability of your stock is governed in the corporations by-laws. In this...

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Is this business contract enough? Kindly see the details. I am residing in NC.

As long as your contract does not violate the law, you can be as creative as you'd like to be to define your business dealings with your friend. ...