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I own a s corp, i have allowed two people to make over and run the business without any legal standing up to this point. The discussed deal is for me to give a 40% share to each of my partners who also work and manage the business while i would retain a 20% share and 20% of the net profits. i have brought to the table the lease the licenses the permits, the place of doing business. I am concerned that after this give/take i will have lost my rights to my 20% of net profits
this is in CA, i am wondering if i should retain 50% of the business and just give away 80% of the profit?