I’ll keep this short and sweet. We co own (50/50) a company that provides a service. I have 15+ years in this trade with the expertise that has grown the company to what it is today. He is an apprentice (but brought other qualities to the table) so it was worth it to partner with him, in the beginning. Fast forward to now. Very lazy, very distracted, doing terrible work and doesn’t care about Quailty. I spoke to him about his quality of his work he instantly got defensive and wants to dissolve the partnership and keep the (rented) business property to continue his own side of the business under another name.
I have a few questions with all this because i really would like to avoid using lawyers.
1; what do i do if i want to keep the companies rented property? Is there any way that he can force me to let him have it? At the point staying until im literally insufferable isn’t off the table.
2; company assets. We own a few cars which are in progress to be fixed and flipped. The company bought the cars for 3000(+/-) each. He thinks he gets to keep the cars and pay me just a fraction of what the business has in its account.. i disagree. From my understanding I’m owed half the current investment of all owned assets unless otherwise stated which it is not.
Thanks for reading. I typically don’t post this kinda stuff online but I’m at a loss and my life is literally being turned upside down.
Unfortunate lesson to learn.
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