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Can you tell me what kind of entity this is? LLC? S Corp? C Corp? Partnership? Thanks.
You're very welcome...it's my pleasure. The first thing you need to check is your Operating Agreement to see if it addresses this issue and lays out a process for determining the value of your interest. This would control. But, if your Operating Agreement is silent, he has no legal basis to force you to sell your interest for anything less than you are willing to accept. Your ownership interest is vested in you and it belongs to you whether or not you are working in the company full or part time or not at all. If you are working unequal amounts of time, you can deal with that by compensating you differently for the work being done. BUT, with regard to your ownership interest, he can't mandate you sell it to him and unless he wants to pay you an amount you are willing to take, he can't force you to sell.
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