About a year ago I went in with two partners in the development of a website, well a year later the site is up and running and the verbal aggreement was that they would be the investors. We have formed a corporation and equal in co. shares, but one of them has been not been completely been meeting the verbal requirement in the up keep of the co.
It seems that that partner is tired of investing in the monthly expenses of the co, and has been slowly delaying monies and until recently stopped and refused to pay anymore to maintain our co. structure in running forward.
My question is, what is the best way to deal with this situation in a moral, ethical and business way, cause it's not far that the other partner is still contributing in our business venture to support our cause to continue forward with our up and running website.
I have invested 150K, the other 150K and mr. no pay has only contributed 60K, it seems easy but want a more unbiased look in futher action, thank you.
2007-11-10
15:08:39
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3 answers
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asked by
Steve S
1
in
Investing