You should have planned for something like this to happen from the very start. you should always have a "divorce" agreement in place in case someone isn't pulling their weight, stops working on the project, medical leave, etc. I know this from learning the hard way. You should also aways have a vesting period in your contract. 2-4 years should be given to startup before they get 100% of their shares. Not where you stand now nor am I a lawyer but you might want to get that agreement in place. Maybe tell him that you need to slightly redo corp paperwork to bring in other people/investors in the future. Good luck.
xr4tiii|13 years ago