Legal Question in Employment Law in Florida

We have an partial owner of our company that has not reported sales and has "pocketed" some money. He owns 1/3 of the company and the other owner and I want him out. We are meeting with him to discuss the issue and expect him to resign and want to make sure that a simple resignation letter will suffice. Please advise if a simple letter of resignation would be enough or if there is anything else we would need to do to make sure he can't come back and sue us in the future.

Thanks!

Mike Cabeza

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