My partner never works, so I want his part of the business!
I get this question a lot one business owners frustrated with another business owner for not working hard enough or sometimes not working at all? Well, the bad news is unless you have something in writing, specifically stating that the business owners have to contribute a certain amount of time or capital to the business, that business owner gets to retain their percentage ownership, regardless of how unhappy you are. So at that point, you’re going to have to look at your buyout options or somehow change the corporation around which may be very difficult if you’re 50 50%. Owner. So again, this is why you want to make sure you put your legal documents in place before you start the business.
