Bob and Karin founded a luxury health spa located near a natural hot springs.They each owned 30% of the company, with the remaining 40% owned by other shareholders.There were many expenses in the first few years, but by year 4, the company was doing well and had a large base of steady customers.Both Bob and Karin work long hours at the spa and work at marketing and operational tasks.Last week, Bob had an offer from a New York entity to build a luxury spa in Upstate New York and was offered a huge salary.Bob is going to take the offer.Discuss what legal concepts could be in place that would help protect Karin from assuming the work while Bob continues to gain benefit of the company's growth?

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The Answer of Bob and Karin founded a luxury health spa located near a natural hot springs.They each owned 30% of the company, with the remaining 40% owned by other shareholders.There were many expenses in the first few years, but by year 4, the company was doing well and had a large base of steady customers.Both Bob and Karin work long hours at the spa and work at marketing and operational tasks.Last week, Bob had an offer from a New York entity to build a luxury spa in Upstate New York and was offered a huge salary.Bob is going to take the offer.Discuss what legal concepts could be in place that would help protect Karin from assuming the work while Bob continues to gain benefit of the company's growth?

Bob and Karin Founded a Luxury Health Spa Located near a Natural