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Do you have any sort of partnership agreement in place?
Ok let me do some research.
Well you have two options. You can try to force him to sell or buy or you can sue him for breach of fiduciary duty. You can argue his actions undermine the company. This suit might put pressure on him to negotiate a buyout.
Let me know if you have additional questions otherwise a positive rating is appreciated. I am happy to discuss in more depth via telephone but there would be additional charges.