Hi,
Briefly, went into business with another person. I own 50% of the company, he owns 50% of the company.
There is no share holders agreement in place.
My partner is not pulling his weight and is reluctant to be bought out.
Without being ego - I am the business. If I left tomorrow, the company would not turn profit.
I originally migrated several clients from previous business - he migrated none.
Anyway, what are peoples thoughts?
For example:
I appreciate the time and effort involved in reading this message and do look forward to your replies.
Please note the above are hypothetical scenarios.
Regards,
QQ
Briefly, went into business with another person. I own 50% of the company, he owns 50% of the company.
There is no share holders agreement in place.
My partner is not pulling his weight and is reluctant to be bought out.
Without being ego - I am the business. If I left tomorrow, the company would not turn profit.
I originally migrated several clients from previous business - he migrated none.
Anyway, what are peoples thoughts?
For example:
- Resign as a director, keep the shares and start billing the clients from a different company that I've created?
- Resign as a director, forfeit my shares and start billing the clients for a different company that I've created?
- Get a job?
- Others?
I appreciate the time and effort involved in reading this message and do look forward to your replies.
Please note the above are hypothetical scenarios.
Regards,
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