I dont want to sell me share. but he is implementing policies and procedures in the company without my consent, making decision making contributions impossible. the working conditions is also unbearable.
we are suppose to have a 50% partnership, but he is taking 100% control, doing just what he wants. surely the agreement becomes null and void if the partner is not favouring the other partners. how can i solved or get him out of this?
no it is my company. i had a problem with some funds and was looking for a partner to get more funds. he invested R150K for 50% shares in my company.
And is this a CC or a Pty Ltd or was it a Sole Proprietor when he bought?
yes, we did, that is my question.
yes he is
The agreement does not mention anything about behaviour. It mentions that whatever is done for the business must be done mutually by both members. But he assumes that he is running the business.
Damage to both me and the cc. I have started this company from scratch 3 years ago, and i thought that the partnership will help, but all turned the other way. what can I do? i want him out.
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