Question
I have a partner who did not do what he said he would do. Now he has equity but is uninvolved. What do I do?
I'm really wondering if I should just dissolve the company and start a new one, but worried of the legality of this. Not looking to spend $10,000+ on legal fees to challenge their equity shares.
Answer
What tactics have you already tried? Is there a way to co-create some new expectations going forward? For example, are each of your roles and responsibilities outlined in writing? Would your partner be open to creating a new partnership agreement around agreed upon roles and responsibilities? Perhaps a facilitation of this conversation between the two of you would help. A business coach could serve as a neutral third party and help you find a mutually beneficial solution.
