If I am the majority shareholder of a privately held corporation...?

Question

and i sell the company through an equity shareholder buyout, will I be required (in general) to sign an anti-competitive agreement, whereas I am legally unable to engage in a similar -type business that I have had divestited from?

Answer 1

All of this is a matter of negotiation when you sell the company.  I think a non-compete agreement would be standard, but you can negotiate the time frame and the geographic boundaries.  Usually the buyer will not care if you open a business in a different location, far enough away that it will not actually compete with him.  Courts will generally uphold these agreements if they have reasonable limits.