Long story short my business partner had a personal vendetta against me after I declined to join him in another business venture. Every since then, as the majority shareholder of our mutual business, he’s been doing a ton of “upgrades” to the business resulting in lower monthly profits. He knows this is my only source of income and he has decreased profits to lower than my monthly living expenses in an effort to pressure me to sell my shares to him.

Our operating agreement mentions that if a member withdraws from the company (i.e. sells their shares) then they must sell to the other partner for 80% of fair market value.

Is what he’s doing legal? Is there anything I can do to ensure that I get 100% value for my shares?