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He doesn't like my style of managing and that if I don't acquiesce to his style of management, we need to part ways. I have been managing people throughout my entire 30 yr professional career. This is his first-ever experience of being the "head" of any business. He is in his mid-30's and I have tried to share my vast amount of business experience with him but he simply rejects it most of the time. This is NOT an ego play for me for I have never given much focus and attention to titles from a narcissistic viewpoint. There is simply a distinct difference in business philosophy and level of business aptitude between us and after 4-years of trying to bridge that gap, I am finally throwing in the towel so to speak.
Actually it's the other way around. He has stated that he will try to find someone that would be interested in "buying me out." However, he is simply focused on the $250k that I brought to the table to begin with. He gives no consideration to what I have established and accomplished throughout the 4-years thus far. I am the one who developed the sales process and trained and mentored the entire sales personnel. 95% of our revenue is generated from a service/program fee that our clients pay us on a quarterly basis. These are 36-month contracts that are auto-renewable. The monthly revenue established from our 1700+ clients is approximately $230k mo.
The ultimatum was stated distinctly and clearly which was simply change your management style to mirror mine or we need to part ways (translation: you need to leave). He is reckless and dangerous with his decisions. We are currently dealing with a huge IRS issue for unbeknownst to me, he made the decision to not submit our payroll tax payments for over a year (2012) and used that money to pay bills. The amount is over $200k that is owed to the IRS. He has put me and my family in personal peril which is unforgivable. We are working through an IRS tax attorney now to rectify the situation but this gives you an idea of why I am simply ready to move on.
He would absolutely be opposed is my guess but this is exactly what I would want and believe to be fair. Forgive my ignorance but I have no idea how this would play out since we are a non-profit organization. Does this even weigh into the matter? Would the established and sustained revenue from our client contracts be the sole focus as it relates to what is a fair quote unquote "buy out?" Is the focus simply on the trademark and logo that I own 50% of as well?
In reference to the by-laws, I'm not certain. However, I would simply need access to all the legal docs which shouldn't be too much of a problem for me to get. However, let's go ahead and say that there is nothing in the by-laws regarding dispute resolution.
No, we have a fairly sizable BOD with 9-members.
I'm not certain. My partner has basically hand-picked the BOD. These are good, influential people but he most definitely "owns" the relationships with all of them. If we were to involve the BOD then there is alot of information that would need to be disclosed that would not shine a bright light on him. I'm not sure that his argument in wanting me to change my management style to be conducive to his vision of establishing a specific company culture would sway majority agreement by the board. He will need to state the facts as they are with respect that he simply doesn't agree with my blunt way of developing and challenging personnel. I would then be tasked with explaining the additional challenges he placed on the entire organization with respect to how he has mismanaged the company finances. I don't think this is going to be a win-win for either party. Again, I am not wanting this to end up in a bitter dispute nor morph into a revenge type scenario. There are some really good. solid, loyal to the mission personnel that I have personally developed that I do not wish to become collateral damage. At the end of the day, it should always be about the mission itself which I would not want to hurt. However, I cannot just play nice and go away quietly without reasonable compensation. It's hard to focus 100% on the humanitarian mission when my first and foremost responsibility is the welfare of my family. A sticky situation indeed.
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